Dynamic Funds, managed by GCIC Ltd, has launched the Dynamic Investment Grade Floating Rate Fund, managed by Marc-André Gaudreau and his corporate credit team.
Dynamic Investment Grade Floating Rate Fund seeks to provide interest income and protect against the effects of interest rate fluctuations by investing primarily in North American investment grade corporate bonds and entering into interest rate swaps to deliver a floating rate of income. The fund may also invest in floating rate debt and other fixed income securities.
"Advisors continue to search for ways to manage and diversify their fixed income holdings in anticipation of a rising interest rate environment. We believe this new fund is a unique and measured solution that will offer investors a competitive yield and help protect capital as interest rates climb. The fund is grounded on traditional credit analysis of investment grade corporate debt, an area where Mr Gaudreau has over 16 years of experience," says Jordy Chilcott (pictured), president and chief executive officer, GCIC Ltd.
Additionally, effective today, the Dynamic High Yield Credit Fund has been renamed Dynamic Credit Spectrum Fund to better reflect its flexible investment mandate, which permits it to invest across a broad range of credit investments. There is no change to the fund's investment objective. The fund is also managed by Gaudreau.