Dynamic Funds

Dynamic Funds
Goodman & Company, Investment Counsel Ltd.

October 07, 2005 17:27 ET

Proposed Changes to Investment Objectives, Performance Benchmarks and Portfolio Advisor of Certain Dynamic Funds

TORONTO, ONTARIO--(CCNMatthews - Oct. 7, 2005) - Goodman & Company, Investment Counsel Ltd. ("Goodman & Company") announces that, subject to unitholder approval, it intends to change the investment objectives and the performance benchmarks for Dynamic Focus+ Real Estate Fund and Dynamic Focus+ Resource Fund and the performance benchmark for Dynamic Far East Value Fund on or about November 11, 2005. Each of Dynamic Focus+ Real Estate Fund, Dynamic Focus+ Resource Fund and Dynamic Far East Value Fund is charged an annual performance fee which is calculated by comparing the performance of the Fund to the performance of a benchmark.

Goodman & Company is proposing to change the performance benchmark for Dynamic Focus+ Real Estate Fund from the Bloomberg Canadian Real Estate Investment Trust Index to a blend of 30% Bloomberg Canadian Real Estate Investment Trust Index and 70% FTSE EPRA/NAREIT Global Real Estate Index. For Dynamic Focus+ Resource Fund, it is proposed that the benchmark will change from a blend of the weighted average of the S&P/TSX Material Total Return Index and the S&P/TSX Energy Total Return Index to the FTSE World Resources Total Return Index. Finally, Goodman & Company is proposing to change the performance benchmark for Dynamic Far East Value Fund from the Morgan Stanley Capital International Pacific Free Index to the Morgan Stanley Capital International AC (All Country) Asia Pacific Free Index.

Goodman & Company believes the new performance benchmarks will be more appropriate for Dynamic Focus+ Real Estate Fund and Dynamic Focus+ Resource Fund once their investment objectives have changed and that the new performance benchmark for Dynamic Far East Value Fund will better reflect the Fund's portfolio. Investors in these three Funds will be asked to approve the changes at special meetings of unitholders of the Funds to be held on or about November 10, 2005.

In addition, effective October 31, 2005, Goodman & Company intends to remove Sanderson Asset Management Limited as a portfolio advisor of Dynamic International Value Fund. Goodman & Company will remain as the portfolio advisor to the Fund.

Goodman & Company is a leading investment firm tracing its portfolio management roots back over 45 years, with more than $17 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), hedge funds and high net-worth investment counsel (Goodman Private Wealth Management). Goodman & Company is a subsidiary of Dundee Wealth Management Inc. (TSX:DW).

Contact Information

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