New fixed income mandate provides income and stability with growth potential
TORONTO, Aug. 31 /CNW/ - Dynamic Funds(R) ("Dynamic"), managed by Goodman & Company, Investment Counsel Ltd. (the "Manager"), a wholly owned subsidiary of DundeeWealth Inc., today announces the launch of Dynamic Aurion Total Return Bond Fund (the "Fund"), a fixed income fund that seeks to provide income and capital returns from an actively managed diversified portfolio of primarily Canadian fixed income securities. A tax-efficient corporate class version of the Fund is also available for non-registered accounts.
The Fund's lead portfolio manager, Christine Horoyski, combines top-down analysis of economic conditions with fundamental bottom-up credit research while pursuing risk adjusted returns through active security selection, sector diversification, yield curve and duration management and portfolio diversification around interest rate volatility.
The Fund will invest primarily in investment grade corporate bonds, but may also invest in other forms of debt and fixed-income securities and debt-like instruments including, but not limited to:
- Federal and provincial government bonds
- Real return and inflation protected bonds
- Certain high yield bonds
- Other securities with a high level of current income such as income
trusts, real estate investment trusts, convertible bonds and hybrid
The trust version of the Fund currently pays a monthly distribution with an initial yield of 5%, which is fixed but not guaranteed and may change at any time at the Manager's discretion. For information on the Fund's current monthly rate of distribution, please visit www.dynamic.ca.
Christine Horoyski is Senior Vice President and Portfolio Manager, Fixed Income at Aurion Capital Management Inc. ("Aurion"). She has over 16 years of experience managing fixed income portfolios on an active basis.
There are two other Dynamic mutual funds sub-advised by Aurion including Dynamic Aurion Tactical Balanced Class co-managed by Ms. Horoyski. Aurion is 60% owned by DundeeWealth Inc.
About Dynamic Funds
Dynamic Funds is a division of Goodman & Company, Investment Counsel Ltd., a wholly owned subsidiary of DundeeWealth Inc. (TSX: DW). Goodman & Company 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, the flow-through limited partnerships of CMP(TM) and Canada Dominion and the high net worth investment counsel of Goodman Private Wealth Management.
About Aurion Capital Management Inc.
Aurion Capital Management Inc., an investment counseling firm incorporated in 1996, oversees more than $4.2 billion in assets under management as of July 31, 2010. As one of Canada's foremost institutional investment solution providers, it focuses on pension funds, endowments and sub-advisory, operating in two separate business areas: portfolio management, specializing in equities, fixed income and real estate; and pension fund management.
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.
SOURCE GOODMAN & COMPANY, INVESTMENT COUNSEL LTD.
For further information: For further information: Customer Relations Centre, Goodman & Company, Investment Counsel Ltd., 1-800-268-8186 or www.dynamic.ca; Myra Reisler, Public Affairs, (416) 365-5370