Dundee Mutual Funds announces Dynamic Canadian Resource Fund

TORONTO, Nov. 5 /CNW/ - Dundee Mutual Funds is pleased to announce the Dynamic Canadian Resource Fund.

"Our screens have been turning up a wealth of undervalued Canadian resource companies," said Dundee Mutual Funds Chairman, Ned Goodman. "Weak Asian economies are the primary reason we're finding fire-sale prices in this sector. The market is pricing resource stocks as if Asia will never recover, which is short-term thinking at best."

"Whatever institutional interest that has been dedicated towards the resource sector has been concentrated on a few of the biggest and best-known stocks. These and a large array of overlooked and unbelievably undervalued mid-size and smaller companies have been identified as initial investments for the fund," said Jonathan Goodman of Goodman & Company, Investment Counsel, the advisor to the fund. "In combination with commodities and gold prices hovering around their 20-year lows, this situation offers value investors a generational investment opportunity, and that's why we're launching the fund now."

Terence Buie, President of Dundee Mutual Funds, added that "Dynamic Canadian Resource Fund builds on the wealth of expertise that Dynamic's portfolio manager—Goodman & Company, Investment Counsel—has developed in running related funds. Since this new fund is 100% eligible for registered plans, Dynamic investors can now participate in a diversified resource portfolio without using up valuable foreign content room. This fund complements our successful Dynamic Global Resource Fund, which has been a 1st quartile performer over the last three years. As with all Dynamic equity funds, the investment style will be bottom-up value-based stock-picking."

Dynamic Canadian Resource Fund seeks to achieve long-term capital appreciation by investing in equity securities of companies that are involved in resource-based activities. The companies include those which are engaged in the exploration and production of base or ferrous metals, precious commodities (such as gold, silver, platinum, palladium and gems), oil, natural gas and other hydrocarbon products, lumber and lumber-related products and other industrial minerals.

With more than 350,000 investors and over $5 billion in assets, Dundee Mutual Funds offers a full range of mutual funds through two fund families:

Dynamic Mutual Funds for value investors, and Power Mutual Funds for growth and momentum investors. The funds are offered through financial planners, stock brokers and mutual fund dealers across Canada.

Both Dundee Mutual Funds and Goodman & Company, Investment Counsel are divisions of Dundee Investment Management & Research Ltd., a wholly-owned subsidiary of Dundee Bancorp Inc., a leading investment management firm.

11/05/1998

For further information: Karyn Byrne, Media Relations, Dundee Mutual Funds, (416) 365-5120, 1-800-268-8186

News release courtesy Canada NewsWire.

---

Click here to return to the What's New page.