imaxx U.S. Equity Growth Fund

Posted by on Aug 31, 2005 in Mutual Fund Updates | 0 comments

Fund Company AEGON Fund Management
Fund Type                     U.S. Equity
Rating $$$
Style Growth
Risk Level Medium
Load Status Optional
RRSP/RRIF Suitability Good
TFSA Suitability Good
Manager Gary Rolle since June 2002
MER 2.96%
Code AFM 260 – Front End Units
AFM 160 – DSC Units
AFM 560 – Low Load Units
Minimum Investment $1,000

 

 Analysis: The goal of this fund is to produce capital gains over time by investing in companies with good growth potential. So it should come as no great surprise that biotech heavyweight Genentech tops the list of holdings with almost 6% of the portfolio weighting. Information technology stocks are the largest asset group at 27.5% of the portfolio. Interestingly, energy stocks aren’t even a blip on the manager’s radar screen despite the soaring price of oil and natural gas. So far, the fund has done well for investors. The three-year average annual compound rate of return of 6.8% is almost double the category average, as is the one-year advance of 12.4%. All that IT exposure could spell trouble down the road and we wonder at the lack of energy stocks but you can’t argue with success. Debuts at $$$.

 

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