Dynamic Funds, managed by Toronto-based GCIC Ltd., Monday announced the launch of Dynamic U.S. Dividend Advantage Fund.
The new fund offers Canadian investors the stability and growth potential of U.S. dividend-paying equities.
The fund seeks to provide income and long-term capital appreciation by investing primarily in U.S. equity securities that pay a dividend or distribution.
The fund will be managed by industry veteran and award-winning portfolio manager Cecilia Mo. Mo has over 17 years of investment experience and has established a strong track record of managing North American equity securities.
“The U.S. market is home to a significant number of the world’s most important and innovative companies, many of whom reward shareholders with dividends,” said Jordy Chilcott, president & CEO, GCIC Ltd. “This fund will give Canadian investors exposure to these investment opportunities along with its many diversification benefits, all under the critical eye of Cecilia.”
The fund also rounds out Mo’s suite of value-oriented North American investment solutions which includes Dynamic Dividend Advantage Fund and Class, Dynamic Value Fund of Canada, Dynamic Canadian Value Class, and Dynamic Value Balanced Fund and Class.
Dynamic Funds is a division of GCIC Ltd., which is a subsidiary of DundeeWealth Inc. DundeeWealth Inc. is a wholly owned subsidiary of Bank of Nova Scotia.