Dynamic introduces retirement income fund
Dynamic Funds announced Feb. 1 the launch of the Retirement Income+ Fund, which is designed for investors nearing or in retirement seeking income and the opportunity for capital appreciation, says the company.
The new fund aims “to provide total returns that have lower correlations to major stock or bond market indices in the form of income and long-term capital appreciation by investing primarily in dividend-paying or distribution-paying equity securities,” explains Dynamic Funds in an announcement. It is a liquid alternative mutual fund that can access opportunities, such as the use of leverage, derivatives and short selling. The fund is managed by Oscar Belaiche, a Senior Vice-President and Portfolio Manager with Dynamic.
"In today's low yield environment, the traditional approach to investing may not provide adequate retirement income – particularly as investors' retirement years can now stretch to 20 years or more. The good news is that with dividend yields currently elevated, now is an opportune time to invest in companies that can generate sustainable levels of income. Dynamic Retirement Income+ Fund was created for investors seeking income, primarily from dividend or distribution-paying securities, and can be an important part of any retirement income portfolio," stated Mark Brisley, Managing Director, Dynamic Funds.