imaxx Canadian Bond Fund
This is a relatively small fund with $88.6 million in assets under management but it has an excellent track record with above-average returns over all time periods from three months to five years. Over the 12 months to May 31/10 the fund had a strong gain of just under 10% compared to a category average of 6.7%. The five-year average annual compound rate of return was 4.2%. The portfolio is largely concentrated in corporate bonds (about 84% of assets) with federal issues accounting for almost 14%.
Read MoreAGF Global Resources Class
When it comes to consistency among resource funds, this one is hard to beat. It has been a first or second quartile performer every year but one since 2003 and has an outstanding five-year average annual compound rate of return of 15.2% (to Feb. 28), more than double the category average. That’s the second-best performance in the category over that time frame according to Fund Library rankings.
Read MoreAGF Canadian Large Cap Dividend Fund
The best adjective for this fund is “sound”. It’s not flashy and will rarely be a category leader but it is dependable and the risk factor is reasonably low. It usually ranks in the top 50% of its peer group (2008 was the only recent exception) and its long-term returns are much better than average for its type. Over the decade to Nov. 30/09, investors received an average annual return of 6.2%.
Read MoreAGF Global Government Bond Fund
The best place to have your money in 2008 was in foreign bond funds. They all did amazingly well, especially when you consider the fact they were underachievers for years, in large part because of the rise of the loonie. When the Canadian dollar suddenly faltered in the fall of 2008, these funds started clicking on all cylinders. Currency gains combined with big moves in government bond prices to create perfect profit conditions for this category.
Read Moreimaxx Canadian Equity Growth Fund
is not your typical Canadian equity fund with a boring line-up of banks and big oil companies. There are a lot of interesting things going on in this growth-oriented portfolio, where manager Glenn Paradis has assembled an unusual combination of blue-chip stocks (e.g. Research in Motion, EnCana) and little-known small/mid-caps, such as Oilexco and Addax Petroleum. Whatever he’s doing, it works.
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