SOURCE: Dynamic Funds

November 29, 2013 07:00 ET

Dynamic Funds® Launches New Core Global Funds

TORONTO, ON--(Marketwired - November 29, 2013) - Dynamic Funds, managed by 1832 Asset Management L.P., today announced the launch of two new core global investment solutions: Dynamic Global Balanced Fund and Dynamic Global Equity Fund. These two new funds will be managed by Dana Love, a multiple award-winning global investment manager, with a solid track record of delivering value added, risk-adjusted returns.

Dynamic Global Balanced Fund
Dynamic Global Balanced Fund seeks to achieve long-term capital growth and income through investing in equity securities and debt obligations of businesses located primarily outside of Canada by focusing, when selecting equity securities, on companies with strong business franchises. Mr. Love will be responsible for the portfolio's equity portion, as well as the fund's overall asset allocation policy. The fund's global fixed income component will be sub-advised by PIMCO Canada Corp., under the direction of Dr. Mohamed El-Erian, Andrew Balls, and Ramin Toloui. The fund will feature a flexible approach to asset allocation to actively respond to changing economic and market conditions.

Dynamic Global Equity Fund
Dynamic Global Equity Fund seeks to achieve long-term capital growth through investing primarily in equity securities of businesses located outside of Canada by focusing on companies with strong business franchises. Mr. Love uses a long-term, disciplined investment approach to managing a concentrated portfolio of high quality equities from anywhere in the world based on his evaluation of company fundamentals, sustainable competitive advantage and valuation. 

"As investors orient their portfolios to the growing investment opportunities outside of Canada, we are pleased to offer two new global options to act as core holdings," said Jordy Chilcott, President and Chief Executive Officer (CEO), Dynamic Funds. "These new funds continue Dynamic's tradition of offering the Canadian marketplace some of the most recognized talent in active global investing. By working with their advisor, clients can take advantage of the benefits of diversification, growth, and risk reduction potential from an increased global exposure in their portfolio."

Additionally, effective December 1, 2013, Dynamic Strategic Global Bond Fund will be renamed Dynamic Strategic Bond Fund to reflect the fund's flexible investment mandate. There is no change to the fund's investment objective. The fund is co-managed by Michael McHugh and Bill Kim. 

About Dynamic Funds
Dynamic Funds is a division of 1832 Asset Management L.P., which offers a range of wealth management solutions, including mutual funds, investment solutions for private clients, institutional clients and managed asset programs. 1832 Asset Management L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank. ® Dynamic Funds is a registered trademark of its owner, used under license.

The above is for informational purposes only and is not, and under no circumstances shall be construed as an offering of the Funds mentioned herein or any other securities or as investment advice. Investors should read the simplified prospectus of the Funds for information about the Funds' investment objectives, strategies and the risks associated with an investment in the Funds before investing. Investors should discuss the suitability of the Funds with their investment advisor before making any investment decisions. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

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