TORONTO, Jan. 30, 2013 /CNW/ - Dynamic Funds® has announced a change to the risk ratings of three of its mutual
funds. Effective today, the risk ratings of Dynamic Focus+ Resource
Fund, Dynamic Power Small Cap Fund and Dynamic Strategic Energy Class
are changing from "medium" to "medium-to-high".
In determining the risk ratings, we take into consideration both
quantitative and qualitative factors such as investment objectives,
investment strategies and asset allocations, sector and geographic
diversification, as well as the risk ratings of other mutual funds
managed by us and our peers with similar investment mandates and
strategies as our funds. These three funds were identified as those
requiring a risk rating change during the course of an annual review of
risk ratings performed by GCIC Ltd., manager of the Dynamic Funds.
These new ratings do not reflect any changes to the investment
objectives, strategies or management of these mandates.
The changes to the risk ratings will be reflected in the simplified
prospectuses of each fund filed with Canadian securities regulators.
About Dynamic Funds
Dynamic Funds is a division of GCIC Ltd., which is a subsidiary of
DundeeWealth Inc. and the manager of the funds 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
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 prospectuses 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.
SOURCE: GCIC Ltd.
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