(January 25 – 17:00 ET) – Synergy Mutual Funds is trumpeting its 175% growth rate in 2000. The mutual fund industry as a whole grew by only 8% last year.

The company says the phenomenal growth came as it surpassed $1.2 billion dollars in assets under management in 2000 and significantly expanded its family of funds.

Synergy is also reminding advisors that 80% of its eligible funds received five or four star ratings from Morningstar Canada. Morningstar named Synergy Canadian Momentum Class the number one Canadian equity fund in Canada, based on its three-year fund numbers as at Dec. 31, 2000.

“This has been a great year for us,” says Joe Canavan, president and CEO of Synergy Mutual Funds. “Investors have come to recognize the critical importance of style diversification and we’re very pleased with the performance of our funds. In early 2001, we plan to broaden and deepen our fund family with American and global funds that we believe will give investors even more choice and flexibility in their portfolios.”

Synergy reached one billion dollars in assets under management in August 2000, becoming one of only three Canadian mutual fund companies in history to reach this milestone in less than three years.

“Many investors believe that in order to get higher returns they must assume more risk. Synergy’s style diversification process has dispelled this myth,” says Canavan.
-IE Staff