|
Analysis: This high quality global neutral balanced fund is a new addition to Recommended List of Funds.
Managed by Eric Bushell and his Signature Team, the fund has the objective of generating a high level of income and long term capital growth. This is a fund that has excelled at both. It pays investors a monthly distribution of $0.07 per unit, which works out to an annualized yield of approximately 6.1% at current prices. Investors have also been rewarded with strong first quartile performance from the fund since its inception.
As of December 31, the fund held nearly 60% in cash and fixed income and 30% in high yielding Canadian securities such as REITs and energy trusts.
The fund carries a low MER of 1.61%. This is a great fund for most investors, as it is relatively conservative yet offers a high income yield and strong growth potential.