(December 1 – 09:45 ET) – Dynamic Mutual Funds has jumped on the RSP-Eligible foreign fund bandwagon with five new clones of existing Dynamic funds.
The firm has launched the Dynamic RSP Power American Fund, Dynamic RSP Far East Fund, Dynamic RSP International Fund, Dynamic RSP Europe Fund, and the Dynamic RSP Americas Fund. The new funds follow the script of many of these sorts of funds. They hold Canadian treasury bills, but invest in units of the underlying funds and forward contracts to keep within foreign content restrictions.
Dynamic’s president and CEO Jonathan Goodman says, “While we remain bullish on Canada, keeping all of your retirement savings in Canada could mean missing out on some of the strongest growth opportunities of the new century in areas like technology, entertainment and international finance.”
Dynamic has more than $5.8 billion in assets under management.
-IE Staff
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