On The Shelf:

(July 3, 2008) Dynamic revealed Thursday that it is launching two new global growth funds — the Power Global Navigator Class and the Power Global Balanced Class.

The former fund will be managed by Alexander Lane, who heads up the company’s Power Small Cap Fund, and will be diversified by geography, sector and business model. It’s expected to focus on long-term capital appreciation.

“Dynamic Power Global Navigator Class is a go-anywhere, do-anything global growth fund,” says Lane. “It offers investors exposure to global stocks with the safety profile of larger companies and the higher return profile of smaller companies.”

The Global Balanced will be run by Noah Blackstein, who currently manages the Power Global Growth Class, among other Dynamic properties.

Besides launching these two new funds, the company put a hedge fund of funds on the market. The Dynamic Alternative Opportunities Fund will give retail investors access to a basket of the company’s hedge fund products, including the Power Hedge Fund, the Alpha Performance Fund and the Contrarian Fund.

HSBC offers new euro savings account

(July 3, 2008) Do you have clients planning a trip to Europe? If the answer is yes, you might suggest that they throw their unused euros or British pounds into the new HSBC High Rate Savings Account (HRSA) specifically for these foreign currencies.

With the addition of high rate savings accounts for the pound and euro, HSBC customers can now save more in six currencies, with the U.S. greenback, Hong Kong dollars, Swiss francs and the Japanese yen rounding out the other savings accounts.

Clients who deposit new funds into the HRSA before September 30 will get half a percentage point interest rate bonus.

(07/03/08)

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.