Dynamic Funds® launches Dynamic Investment Grade Floating Rate Fund and announces fixed income fund name change
TORONTO, Sept. 9, 2013 /CNW/ - Dynamic Funds, managed by GCIC Ltd., today announces the launch of Dynamic Investment Grade Floating Rate Fund, managed by Marc-André Gaudreau and his corporate credit team.
Dynamic Investment Grade Floating Rate Fund seeks to provide interest income and protect against the effects of interest rate fluctuations by investing primarily in North American investment grade corporate bonds and entering into interest rate swaps to deliver a floating rate of income. The fund may also invest in floating rate debt and other fixed income securities.
"Advisors continue to search for ways to manage and diversify their fixed income holdings in anticipation of a rising interest rate environment. We believe this new fund is a unique and measured solution that will offer investors a competitive yield and help protect capital as interest rates climb. The fund is grounded on traditional credit analysis of investment grade corporate debt, an area where Mr. Gaudreau has over 16 years of experience," said Mr. Jordy Chilcott, President & Chief Executive Officer, GCIC Ltd.
Additionally, effective today, Dynamic High Yield Credit Fund has been renamed Dynamic Credit Spectrum Fund to better reflect its flexible investment mandate, which permits it to invest across a broad range of credit investments. There is no change to the fund's investment objective. The fund is also managed by Marc-André Gaudreau.
About Dynamic Funds
Dynamic Funds is a division of GCIC Ltd., which is a subsidiary of DundeeWealth Inc. and the manager of the Fund mentioned above. GCIC Ltd. offers a wide range of wealth management solutions through financial advisors. These include the mutual funds and hedge funds of Dynamic Funds, the portfolio solutions of the Marquis Investment Program and the high-net-worth investment counsel of DundeeWealth Investment Counsel. DundeeWealth Inc. is a wholly-owned subsidiary of Scotiabank.
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.
® Dynamic Funds is a registered trademark of its owner, used under license.
SOURCE GCIC Ltd.For further information:
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