TORONTO, Oct. 17, 2018 /CNW/ - Dynamic Funds today announced progressive enhancements to its Dynamic Private Investment Pools (the Pools) program. Effective October 30, 2018, the Pools will be accessible to a wider range of investors with the introduction of Series A securities on each Pool and the reduction of prior investment minimums across its most common Series*.
"With the addition of the Series A option and less restrictive investment minimums, advisors can now easily use the Pools across all different types of accounts in their practice," said Mark Brisley, Managing Director, Dynamic Funds. "As our Pools grew in popularity with fee-based advisors, they asked us to open up the benefits of the product to more of their clients – from starter to high net worth investors – so that managing their business would become simpler."
Dynamic Private Investment Pools have attracted over $3 billion in investor assets since their introduction in 2014. This suite of investment solutions is primarily used by advisors operating on a fee-based platform, including those licensed as portfolio managers. The Pools use active management as their foundation and are constructed as diversified, yet focused, multi-investment strategy pools managed by Dynamic's portfolio managers.
* For Series A, Series F, Series FH, Series FT, and Series T securities of a Pool, the minimum initial investment amount in the Pool is $500. For Series I securities of a Pool, the minimum initial investment amount in the Pool has been reduced to $25,000 or, in the case of Series I shares of Dynamic Alternative Managed Risk Private Pool Class, $10,000. For more information, please consult the Pools' prospectus.
About Dynamic Funds
Dynamic Funds is a division of 1832 Asset Management L.P., which offers a range of wealth management solutions, including mutual funds, investment solutions for private clients, institutional clients and managed asset programs. 1832 Asset Management L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank. ® Dynamic Funds is a registered trademark of its owner, used under license.
Commissions, trailing commissions, management fees and expenses all may be associated with investments in the funds. Please read the prospectus before investing. Investments in the funds are not guaranteed; their values change frequently and past performance may not be repeated.
SOURCE Dynamic Funds
Customer Relations Centre, 1-800-268-8186, www.dynamic.ca; For media enquiries only: Alexandra Mathias, Canadian Banking Communications, Scotiabank, [email protected], 416-448-7044
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