Dynamic Funds, managed by 1832 Asset Management, has launched two core global investment solutions: Dynamic Global Balanced Fund and Dynamic Global Equity Fund.
These two new funds will be managed by Dana Love.
Dynamic Global Balanced Fund seeks to achieve long-term capital growth and income through investing in equity securities and debt obligations of businesses located primarily outside of Canada by focusing, when selecting equity securities, on companies with strong business franchises.
Love will be responsible for the portfolio's equity portion, as well as the fund's overall asset allocation policy.
The fund's global fixed income component will be sub-advised by PIMCO Canada Corp., under the direction of Mohamed El-Erian, Andrew Balls, and Ramin Toloui. The fund will feature a flexible approach to asset allocation to actively respond to changing economic and market conditions.
Dynamic Global Equity Fund seeks to achieve long-term capital growth through investing primarily in equity securities of businesses located outside of Canada by focusing on companies with strong business franchises. Love uses a long-term, disciplined investment approach to managing a concentrated portfolio of high quality equities from anywhere in the world based on his evaluation of company fundamentals, sustainable competitive advantage and valuation.
"As investors orient their portfolios to the growing investment opportunities outside of Canada, we are pleased to offer two new global options to act as core holdings," says Jordy Chilcott, president and chief executive officer, Dynamic Funds. "These new funds continue Dynamic's tradition of offering the Canadian marketplace some of the most recognised talent in active global investing. By working with their advisor, clients can take advantage of the benefits of diversification, growth, and risk reduction potential from an increased global exposure in their portfolio."
Additionally, effective 1 December 2013, Dynamic Strategic Global Bond Fund will be renamed Dynamic Strategic Bond Fund to reflect the fund's flexible investment mandate. There is no change to the fund's investment objective. The fund is co-managed by Michael McHugh and Bill Kim.
