Dynamic Funds, a division of GCIC Ltd., Tuesday announced the launch of Dynamic U.S. Value Balanced Fund.
Cecilia Mo will be responsible for the fund’s equity component and Marc-André Gaudreau will manage the fixed-income allocation. These two portfolio managers collectively have over 33 years of combined portfolio management experience in U.S. investments.
The new fund seeks to provide long-term capital appreciation and income by investing primarily in a broad range of U.S. equity and debt securities, focusing on a value investment approach when selecting equity securities.
“We are encouraged by the ongoing expansion of the U.S. economy and the country’s long-term prospects,” said Jordy Chilcott, president & CEO of Toronto-based GCIC. “This fund offers Canadian investors a risk-aware approach to capturing equity and fixed income opportunities in the world’s largest market and also represents a U.S. alternative to the well-established Dynamic Value Balanced Fund.”
Additionally, effective today, the management fees on Dynamic Blue Chip U.S. Balanced Class have been reduced to 1.90% on Series A, Series H, and Series T shares, and to 0.90% on Series F shares. The fund is co-managed by Adam Donsky and Domenic Bellissimo.
Dynamic Funds is a division of GCIC Ltd., which is a subsidiary of DundeeWealth Inc. DundeeWealth is a wholly owned subsidiary of Bank of Nova Scotia.