Dynamic Mutual Funds

Dynamic Mutual Funds

July 13, 2005 15:55 ET

Dynamic Launches Currency Neutral American Growth Fund

TORONTO, ONTARIO--(CCNMatthews - July 13, 2005) - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company"), the manager of the Dynamic Mutual Funds ("Dynamic"), announces the launch of Dynamic Power American Currency Neutral Fund (the "Fund").

The United States still represents the world's broadest and deepest market making it an important part of a well diversified portfolio, however, many investors wish to limit their exposure to currency volatility. This "currency neutral" Fund will enable investors to capitalize on US investment opportunities while removing the impact of changes in the exchange rate. The Fund is a valuable addition to the Dynamic Power Family of Funds, which now includes nine growth portfolios.

"The US is home to many sectors and industries that don't exist or are under-represented in other countries" says Noah Blackstein, Portfolio Manager of the Fund. "This Fund allows Canadian investors to take advantage of those opportunities, while giving them the option to limit their exposure to currency fluctuations."

The Fund is structured to invest primarily in units of Dynamic Power American Growth Fund (the "Underlying Fund"). This strategy is complemented with a currency hedging program. This links the returns of the Fund to the returns of the Underlying Fund, a top quartile U.S. equity fund, without US dollar currency risk.

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 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.
    Customer Relations Centre
    1(800) 268-8186
    Dynamic Mutual Funds
    Trevor Hampden
    Media Relations
    (416) 365-5002