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 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 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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