TD Monthly Income Fund
While the name of this fund may suggest that it provides investors with a reasonable income, it is our view that this fund is better used as a core balanced fund within a well diversified portfolio. While it does pay a monthly distribution of $0.031 per unit, it translates into an annualized yield of approximately 2.2%, which is low compared to some of the other available options.
Read MoreSentry Small / Mid Cap Income Fund
Unlike a lot of traditional small and mid cap focused fund, the Sentry Small / Mid Cap Income Fund pays investors a monthly distribution of $0.05 per unit. As of May 31, this translates into an annualized yield of 4.2%. In addition to the distributions, the fund has shown strong growth potential. For the five year period ending May 31, the fund has earn an annualized compound return of 10.6% per year, compared with the BMO Canadian Small Cap Index which has lost an average of 3.8% per year.
Read MoreApril 2012 Market Recap
After posting strong gains in the first quarter of the year, equity markets retreated in April as investor concerns over the European debt crisis returned. The MSCI Europe Index dropped by nearly 3% after credit ratings agencies downgraded Spain’s debt with a negative outlook, hinting that further rating cuts may be coming. Spain paid a heavy price for this downgrade with the MSCI Spain Index plummeting by more than 13% in the month.
Read MoreInvestment Fund Ranking Report – April 2012
You can download our April 30, 2012 Investment Fund Ranking Report here.
Read MoreModel Portfolio Review – April 2012
April was not a particularly kind month to the portfolios as each portfolio lagged their respective benchmarks during the month. In all cases, this underperformance was a result of the Cundill Value Fund, which lost 6.2% during the month, underperforming the MSCI World Index by more than 4%. On a positive note, the Canadian equity funds were strong relative performers, outpacing the S&P/TSX...
Read More