New gold fund from Dynamic

Toronto-based Dynamic Funds Ltd. has launched Dynamic Strategic Gold Class Fund, which seeks to achieve long-term capital appreciation by investing primarily, directly or indirectly, in gold or equity securities of issuers engaged in the exploration, development or production of gold. Robert Cohen of Toronto-based Goodman & Co. Investment Counsel Ltd. is the lead manager of the fund. Advisor commissions for front-end sales are 0%-5%; 5% for deferred sales; or 3% for the low-load option. Redemption fees begin at 6% in Year 1 and end at zero after Year 6 for the regular DSC schedule, or begin at 3% within the first 18 months and end at zero after Year 3 for the low-load schedule. Trailing commissions are 1% for front-end sales; 0.5% for the first six years of deferred sales and 1% thereafter; and 1% after 12 months for the low-load option. Management fees are 2% for A-class units and 1% for F-class units. Minimum investment is $500.

TD Asset Management adds five portfolios

Toronto-based TD Asset Management Inc., manager of TD Mutual Funds, has launched five new portfolios — TD Advantage Conservative Portfolio, TD Advantage Moderate Portfolio, TD Advantage Balanced Portfolio, TD Advantage Growth Portfolio and TD Advantage Equity Portfolio. These portfolios will provide investors with access to actively managed funds for long-term performance to capitalize on shorter-term market opportunities while managing downside risk, TDAM says. Advisor commissions for front-end sales are 0%-5%; 5% for deferred sales; 1% for the low-load option; and 3% for the low-load 2 option. Redemption fees begin at 5.5% in Year 1 and end at zero after Year 6 for the regular DSC schedule; begin at 2% in Year 1 and end at zero after Year 2 for the low-load option; or begin at 3.5% in Year 1 and end at zero after Year 4 for the low-load 2 option. Trailing commissions are 0.75% for front-end sales and the low-load option; and 0.375% for deferred sales and the low-load 2 option for TD Advantage Conservative Portfolio; and 1% for front-end sales and the low-load option and 0.5% for deferred sales and the low-load 2 option for all other funds. Management fees are 1.7% for A-class units and 0.58% for F-class units for the Conservative portfolio; 1.85% for A-class units and 0.9% for F-class units for the Moderate portfolio; 1.9% for A-class units and 1% for F-class units for the Balanced portfolio; 2% for A-class units and 1% for F-class units for the Growth portfolio and the Equity portfolio. Minimum investment is $2,000 for A-class units and $1,000 for F-class units.

Invesco Trimark names Love lead manager

Toronto-based Invesco Trimark Ltd. has appointed Dana Love as the lead portfolio manager for Trimark Select Growth Fund. Love is also lead manager for Trimark Fund. Love joined Invesco Trimark in 1999. In addition, Darren McKiernan has rejoined Invesco Trimark as vice president and portfolio manager for Trimark Global Dividend Class Fund. While at Trimark Investment Management from 1997 to 2000, McKiernan was senior research analyst for global equities. He most recently held the position of vice president with Burgundy Asset Management Ltd. of Toronto.

Manulife adds three new funds

Toronto-based Manulife Mutual Funds, a division of Elliott & Page Ltd., has added three new mandates to its fund lineup — Manulife Investment Savings Fund, Manulife Canadian Balanced Growth Fund and Manulife Mawer Global Equity Class. Manulife Investment Savings Fund will provide investors with an alternative for their short-term investments and will leverage the firm’s relationship with Manulife Bank of Canada. Manulife Canadian Balanced Growth Fund will be managed by Shauna Sexsmith and Terry Carr. Equities will constitute 40%-60% of the portfolio, with the balance in fixed-income securities. The equities portion will primarily be invested in a portfolio of Canadian securities based on the strategy used in the Manulife Canadian Equity Fund. The fixed-income portion may be invested in Canadian and foreign government and corporate debt, including high-yield securities. The fund may also invest in securities of Manulife Corporate Bond Fund. Manulife Mawer Global Equity Class will be subadvised by Mawer Investment Management Ltd. and will be available for sale beginning Nov. 2. Advisor commissions for front-end sales are 0%-5%; 5% for deferred sales; and 2% for the low-load option. Redemption fees begin at 6% in Year 1 and end at zero after Year 6 for the regular DSC schedule; or 3% in Year 1 and end at zero after Year 2 for the low-load option. Trailing commissions are 0.25% for front-end sales for Manulife Investment Savings Fund, and 1% for front-end sales and the low-load option; 0.5% for the first six years of deferred sales, and 1% thereafter for Manulife Canadian Balanced Growth Fund and Manulife Mawer Global Equity Class. Management fees are 0.3% for A-class units and 0.05% for F-class units for Manulife Investment Savings Fund; 2% for A-class units and 1% for F-class units for Manulife Canadian Balanced Growth Fund; and 2.1% for A-class units and 1.1% for F-class units of Manulife Mawer Global Equity Class. Minimum investment is $1,000.

@page_break@Compiled by Clare O’Hara (cohara@investmentexecutive.com).