Like all Ivy branded funds, the Canadian equity offering is well regarded for its ability to withstand market selloffs better than most. It used to be the biggest knock on this fund was that you would be left way behind when equity markets were rallying. That still holdstosomeextent, but it is much better than it used to be. If I look at its upside capture ratio, which measures how well a fund performs when markets are rising, it has been improving dramatically over the past few years. For the past three years, it has participated in roughly 70% of the gains of the S&P/TSX Composite, compared with just 40% of the gains over the past ten years. Equally as impressive is there has been no erosion in the downside protection offered by the fund. Given the potential for a selloff in the fall, this may be a good way for conservative investors to access the Canadian equity market in the second half of the year.