Mackenzie Canadian Large Cap Dividend Fund
As part of Mackenzie’s reorganization of its sprawling fund family, this dividend focused offering, which was formerly the Mackenzie Maxxum Dividend Fund was renamed to the Mackenzie Canadian Large Cap Dividend Fund.
Read MorePIMCO Monthly Income Fund
When it comes to fixed income investing, PIMCO is easily the most recognizable company in the space, and is arguably one of the best. Still, they are relatively new in the Canadian mutual fund industry, launching a small fund family in early 2011.
Read MoreCundill Canadian Balanced Fund
Manager Lawrence Chin use the same deep value style that has become synonymous with the Cundill name. The approach is almost contrarian, buying stocks when they are most hated by the markets. Over the long term, this has provided strong returns for investors with modest levels of risk. However, during shorter periods of time, it has the potential to experience higher levels of volatility, which can lead to periods of underperformance.
Read MoreRenaissance Optimal Income Portfolio
The portfolio is a fairly static mix of a number of Renaissance offered funds. The target asset mix is set at 30% Renaissance Canadian Bond Fund, 25% Renaissance Canadian Dividend Fund, 15% Renaissance Global Infrastructure Fund, 15% Renaissance High Yield Bond Fund, 10% Renaissance Global Bond Fund, and 5% Renaissance Real Return Bond Fund. This mix stays pretty consistent over time, with portfolio turnover averaging about 3% a year for the past five years.
Read MoreFidelity Canadian Large Cap Fund
If you have held this fund for the past quarter, you no doubt saw a pretty nice jump as it handily outpaced both the index and its peer group. This outperformance came from a couple of sources including its significant global equity exposure, which is currently just under 50%. Another source of return came from its significant holdings in both Shoppers Drug Mart, and Loblaws. Both of those names...
Read MoreTD Canadian Core Plus Bond Fund
During the quarter I replaced the TD Canadian Bond Fund with the TD Canadian Core Plus Bond Fund on my Recommended List of Funds. The reason that I made the move was that I believe that the Core Plus Bond is better positioned for the current and expected fixed income environment. About 70% of the Core Plus Bond is managed in a near identical fashion to the TD Canadian Bond Fund. This portion...
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