TORONTO, Jan. 25, 2013 /CNW/ - Dynamic Funds ("Dynamic"), managed by GCIC Ltd. ("GCICL"), today announces the launch of Dynamic High Yield Credit Fund (the "Fund").
The Fund offers investors an active approach to investing in the high yield credit market, tactically managing a diversified portfolio primarily in corporate credit securities. This is the first Dynamic fund to be managed by the new GCICL credit team in Montreal, led by Marc-André Gaudreau, Vice President and Portfolio Manager.
A unique addition to Dynamic's extensive line up of fixed-income funds, Dynamic High Yield Credit Fund seeks to invest in a broad range of high-yielding credit securities, including high yield bonds, investment-grade corporate bonds, preferred shares, bank loans, and a variety of other credit investments.
The Fund seeks to produce attractive risk-adjusted returns in various credit cycles by following a disciplined and repeatable investment process that combines quantitative, bottom-up analysis of individual companies and securities with a top-down, macroeconomic overlay. Risk management and the development of investment themes are also important components of the investment process.
Dynamic is also pleased to announce the addition of Hetal Patel, Portfolio Analyst, to the GCICL credit team based in Montreal. Hetal has over eight years of research and management experience, primarily in the high yield credit market.
"Marc-André and his team are experienced credit specialists who combine independent research and analysis with active investment management - an ideal complement to the GCIC Ltd. portfolio management team," says Jordy Chilcott, President & Chief Executive Officer, GCICL.
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 Fund mentioned herein or any other securities or as investment advice. Investors should read the simplified prospectus of the Fund for information about the Fund's investment objectives, strategies and the risks associated with an investment in the Fund before investing. Investors should discuss the suitability of the Fund 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: Dynamic Funds
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