Dynamic launches two funds

Dynamic Funds, managed by Toronto-based 1832 Asset Management LP, has unveiled two new core global investment products: Dynamic Global Balanced Fund and Dynamic Global Equity Fund. Both funds will be managed by Dana Love, vice president and portfolio manager with Dynamic Funds. Dynamic Global Balanced Fund seeks to achieve long-term capital growth and income through investing in equities and debt obligations of businesses located primarily outside of Canada by focusing on companies with strong business franchises. Love will be responsible for the portfolio’s equities portion, as well as the fund’s overall asset allocation policy, while the fund’s global fixed-income component will be subadvised by Toronto-based PIMCO Canada Corp. Dynamic Global Equity Fund seeks to achieve long-term capital growth through investing primarily in equities of businesses located outside of Canada by focusing on companies with strong business franchises. Advisor commissions are 0%-5% for front-end sales, 5% for deferred sales and 2.5% 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% in the first 18 months and end at zero after Year 3. Trailing commissions are 1% for front-end sales; 0.5% for deferred sales; and 0.5% for the first two years of low-load sales, and 1% thereafter. Management fees are 2% for A-class units and 1% for F-class units. Minimum investment is $500. In addition, Dynamic Strategic Global Bond Fund has been renamed Dynamic Strategic Bond Fund to reflect the fund’s flexible investment mandate. There is no change to the fund’s investment objective.

cohara@investmentexecutive.com