Goodman & Co., Investment Counsel Ltd., the manager of the Dynamic Mutual Funds today announced the launch of Dynamic Power American Currency Neutral Fund.

Goodman & Co. says the “currency neutral” fund will enable investors to capitalize on U.S. investment opportunities while removing the impact of changes in the exchange rate.

“The U.S. is home to many sectors and industries that don’t exist or are under-represented in other countries” says Noah Blackstein, portfolio manager of the fund. “This fund allows Canadian investors to take advantage of those opportunities, while giving them the option to limit their exposure to currency fluctuations.”

The fund is structured to invest primarily in units of Dynamic Power American Growth Fund. This strategy is complemented with a currency hedging program linking the returns of the fund to the returns of the underlying fund, without U.S. dollar currency risk.

The new fund is an addition to the Dynamic Power Family of Funds, which now includes nine growth portfolios.