Dynamic Mutual Funds

Dynamic Mutual Funds

July 06, 2005 15:45 ET

Dynamic Completes Record First Half

TORONTO, ONTARIO--(CCNMatthews - July 6, 2005) - Dynamic Mutual Funds ("Dynamic") and its affiliate Goodman & Company, Investment Counsel Ltd. announces record net sales during the first six months of 2005. Total net sales by Dynamic of $1.2 billion tops the first half of any year in the company's history and is equal to total net sales in 2004. This figure includes approximately $140 million in money market funds, most of which represents investments by related companies.

"We're very proud of our results. The groundwork we've laid over the past five years has led to strong performance, increased awareness and confidence in the company's investment solutions," says David Goodman, President and CEO. Assets under management now stand at $15.6 billion, a 31% increase over this time last year.

Dynamic's core mutual fund business still accounts for a large part of its assets, but the company has successfully diversified its product line by developing customized high-net-worth programs, flow-through tax partnerships, and a series of closed-end funds.

"Financial advisors want to work with companies that offer a full arsenal of tools to support their businesses - Dynamic is one of a select group of companies that does that at a high level of quality across the product spectrum," says Mr. Goodman.

Dynamic is a leading Canadian investment firm tracing its portfolio management roots back nearly 50 years. Dynamic and its affiliates offer a wide range of wealth management solutions through registered financial advisors, including mutual funds, fee-based programs (Viscount and Marquis), limited partnerships (CMP and Canada Dominion), labour-sponsored funds, hedge funds and high-net-worth investment counsel (Goodman Private Wealth Management). Dynamic is a division of Goodman & Company, Investment Counsel Ltd., a subsidiary of Dundee Wealth Management Inc. (DW - TSX), which has more than $43 billion in combined assets under management and administration.

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