DYNAMIC launches protected Mutual Funds

    TORONTO, Nov. 26 /CNW/ - DYNAMIC MUTUAL FUNDS announces the launch of
five Dynamic mutual funds with 100% capital protection after 10 years,
guaranteed by Hartford Life Insurance Company of Canada. The funds will be
available for sale on December 3rd, 1998, from any registered dealer licensed
to sell mutual funds.
    The introduction of Dynamic Protected Mutual Funds is a first for an
independent mutual fund manager. Unlike segregated funds, sold only by life
insurance agents, Dynamic Protected Mutual Funds can be sold by any licensed
mutual fund dealer. Hartford Life Insurance Company of Canada ensures that
investments held for 10 years or until death (whichever is sooner) will be
worth at least as much as the original investment, or the investor receives
the difference. At the same time, there is no upside limit to the market
potential of a Dynamic Protected Mutual Fund.
    "This product is a first for the mutual fund industry, offering
security, liquidity and full growth potential for clients who are advised by
the independent advisor community," said Terence Buie, President of Dundee
Mutual Funds. "With Dynamic Protected Mutual Funds, investors can achieve the
full benefit of investing in the stock market, with protection on the downside
after ten years. Since these are not life insurance products they are
available from any licensed mutual fund representative in Canada."
    Dynamic Protected Mutual Funds offer investors security of capital
preservation during market downturns. Investors can lock in their market gains
twice a year. In the case of death, the capital protection applies immediately
regardless of maturity date. Unlike segregated funds, which can increase their
fees without unitholder approval, cost of the insurance on Dynamic Protected
Funds will not increase over the life of the investment.
    The new Dynamic Protected Mutual Funds family includes Dynamic Protected
Dividend Growth Fund, Dynamic Protected Americas Fund, Dynamic Protected
Partners Fund, Dynamic Protected Global Partners Fund and Dynamic Protected
International Fund. All are eligible for RRSPs, RRIFs and RESPs.
    With more than 350,000 investors and over $5.6 billion in assets, Dynamic
Mutual Funds are managed by Goodman & Company, Investment Counsel. Dynamic
Mutual Funds is a division of Dundee Bancorp Inc., a leading investment
management firm.

-30-

For further information: Terence Buie, President, Dundee Mutual Funds,
 (416) 365-5141, 1-800-268-8186

News release courtesy Canada NewsWire.

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