TORONTO, Oct. 28, 2013 /CNW/ - Dynamic Funds, managed by GCIC Ltd., today announces the launch of Dynamic Premium Yield Fund. This innovative Fund has the ability to offer alternative income and diversification benefits when used in a traditional portfolio of equity and fixed income securities.
Dynamic Premium Yield Fund seeks to achieve high income and long-term capital appreciation primarily by writing put options on equity securities to collect premiums, investing directly in equity securities and/or writing call options on these securities. The Fund aims to select quality equity securities based on fundamental analysis and uses a variety of options strategies to generate income, capitalize on pricing discrepancies, or limit portfolio volatility. Oscar Belaiche and John Harris from Dynamic's award-winning Equity Income team will manage the Fund, with Damian Hoang working closely with them as a senior derivatives strategist.
"We are launching this Fund in response to advisors seeking a non-traditional strategy that can provide investors with a unique risk-reward profile while earning an attractive income stream, regardless of market environment," said Jordy Chilcott, President & Chief Executive Officer, GCIC Ltd. "We believe this Fund's approach to using options strategies, which combines fundamental, quantitative, technical, and volatility analysis, can act as an important tool in meeting a diverse set of client needs."
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 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.
® Dynamic Funds is a registered trademark of its owner, used under license.
SOURCE: Dynamic Funds
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