Mutual Funds & ETFs Update – February 2013
PDF Version of this Issue WHAT’S NEW RRSP Contribution Deadline looms – For those looking to make a last minute contribution to their RRSP, there is still time to do so. The deadline for contributions that can be claimed for the 2012 tax year is March 1, 2013. The maximum you can contribute for 2012 is $22,970, plus any unused contribution room you may have. Record Year for...
Read MoreDynamic Power Global Growth Class
Despite posting a more than respectable gain of 7.2% in 2012, the Dynamic Power Global Growth Class lagged both the index and the peer group, finishing in the bottom quartile for the year. In fact, the fund has struggled since early 2011 and has been on a roller coaster ride since late 2007.
Read MoreSentry Diversified Total Return Fund
Fund Company Sentry Investments Fund Type Canadian Focused Equity Rating C Style Mid Cap Growth Risk Level Medium Load Status Optional RRSP/RRIF Suitability Poor TFSA Suitability Poor Manager Michael Simpson since January 2013 MER 3.20% Code NCE 722 – Front End Units NCE 322 – DSC Units Minimum Investment $500 Analysis: In the past couple of years, this is a fund that has undergone some pretty...
Read MoreMackenzie Cundill Canadian Security Fund
The Cundill Funds have long had a reputation as being contrarian, concentrated deep value funds, and this Canadian focused offering is no different. Using a bottom up, team driven approach, they conduct extensive fundamental analysis, looking for high quality, well managed companies that are trading at a significant discount to their estimate of its true value. Typically, this will result in companies that have experienced some negative event that has caused it to fall out of favour with investors.
Read MoreMackenzie Universal Emerging Markets Class
Austin Forey of JP Morgan has managed this fund since September 2005 using a growth focused, bottom up approach. He favours high quality companies with strong balance sheets, have the ability to create sustainable value, and are trading at a valuation level that is reasonable based on its growth prospects.
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