Dynamic Mutual Funds

Dynamic Mutual Funds

July 11, 2005 10:45 ET

Dynamic Eliminates RSP Funds

TORONTO, ONTARIO--(CCNMatthews - July 11, 2005) - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company") the manager of Dynamic Mutual Funds announces that it will terminate its RSP clone funds on July 15, 2005, as a result of recent legislation eliminating the 30% foreign content limit.

RSP clone funds were created to help investors exceed the legislated foreign content limit of 30%, which applied to registered plans. The removal of the foreign content limit means investors can now invest directly in foreign funds without restriction, eliminating the need for RSP clone funds.

Eliminating the RSP clone funds and investing directly in the underlying funds is a tremendous benefit to investors, as it eliminates a layer of expenses related to the RSP clone fund structure.

The RSP clone funds will be closed to new sales effective Tuesday July 12th. At the close of business on July 15th, Goodman & Company will terminate the following funds and investors will receive the equivalent value of their investment in the corresponding underlying mutual fund or pool:

- Dynamic RSP American Value Fund

- Dynamic RSP European Value Fund

- Dynamic RSP International Value Fund

- Dynamic RSP Power American Growth Fund

- Dynamic RSP Focus+ World Equity Fund

- Viscount RSP U.S. Equity Pool

- Viscount RSP International Equity Pool

- Viscount RSP High Yield U.S. Bond Pool

Goodman & Company is a leading investment firm tracing its portfolio management roots back nearly 50 years, with more than $15 billion in assets under management. Goodman & Company, including Dynamic Mutual Funds and its affiliates, offers 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), a labour-sponsored fund, hedge funds and high net-worth investment counsel (Goodman Private Wealth Management). Goodman & Company is a subsidiary of Dundee Wealth management Inc. (DW - TSX).

Contact Information

  • Goodman & Company, Investment Counsel Ltd.
    Trevor Hampden
    Media Relations
    (416) 365-5002
    or
    Goodman & Company, Investment Counsel Ltd.
    Customer Relations Centre
    1(800) 268-8186
    www.dynamic.ca