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Canadian wealth manager Dundee moves into UK through institutional market

Canadian wealth management company Dundee Wealth expects interest from multi-managers and other institutional investors to help it make inroads into the UK adviser market.

The firm is taking a staged approach in the UK. It has launched six Luxemburg-based Sicavs for institutional investors through its European subsidiary DF Investments after buying a Luxemburg-based firm to use as a distribution platform. It will adopt a wait-and-see approach before offering the funds to UK advisers.

The funds are expected to appeal to UK multi-managers as they provide access to an experienced Canadian investment team and areas of investment in Canada, such as resources, not widely represented outside the country.

Dynamic power Canadian growth invests mainly in Canadian equities, with some exposure to India and Brazil. Dyn-amic focus + resource has a Canadian bias across energy, precious metals, base metals and minerals while dynamic precious metals is a specialist sector fund. Dynamic power American growth focuses on earnings’ growth of US firms and dynamic global dividend value invests globally in dividend-paying businesses. Dynamic global discovery looks for undervalued stocks that competitors are unlikely to own.

DundeeWealth president and chief executive David Goodman says: “Our managers have proven themselves and built up long track records with international recognition from Morningstar and Lipper. We give them a lot of freedom because they are there to perform – to beat an index, not be the index.”

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