TORONTO, Nov. 23, 2015 /CNW/ - Beutel, Goodman & Company Ltd., the manager of Beutel Goodman Canadian Dividend Fund, announced that commencing on or about February 1, 2016, the Fund will have the ability to use derivatives as part of its investment strategies. The Fund currently intends to use derivatives principally to hedge against changes in the exchange rate between the Canadian dollar and foreign currencies in which investments held by the Fund are denominated. This change will have no impact on the risk profile of the Fund and, in the manager's view, will not change the types of investors for whom the Fund is a suitable investment.
SOURCE Beutel, Goodman & Company Ltd.
For further information: Michael Gibson, Managing Director, Operations, Beutel, Goodman & Company Ltd., Tel: (416) 932 6337