Mutual Fund Updates

Renaissance Global Markets Fund

Despite dramatically underperforming the MSCI World Index in 2012, this go anywhere global equity fund can be a great core holding for most investors. Much of the underperformance can be traced to the fund’s underweight exposure in banks, technology, telecom and healthcare. It was these sectors that led the way higher in 2012 and so far in 2013. Still, David Winters believes that the best long term opportunities are outside of these sectors.

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Mackenzie Canadian Large Cap Dividend Fund

In order to be considered for inclusion in this fund, a stock must have a dividend yield of at least 1%, and a market capitalization of at least $1 billion. They also must have a strong management team, be financially sound with a history of solid earnings growth. The result is a fairly diversified portfolio that holds anywhere from 45 to 65 names. Currently it is holding 60, with the top ten representing 42%.

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Standard Life Canadian Dividend Growth Fund

Fund Company Standard Life Mutual Funds Fund Type Canadian Dividend & Income Equity Rating D Style Blend Risk Level Medium Load Status Optional RRSP/RRIF Suitability Fair TFSA Suitability Fair Manager Neil Matheson since November 2010 MER 2.10% Code SLM 255 – Front End Units SLM 055 – DSC Units Minimum Investment $1,000 Analysis: Many years ago, this dividend focused equity fund...

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Trimark Canadian Endeavour

According to the fund profile listed on Invesco’s website, this fund is a “core Canadian equity fund” that invests in “a concentrated portfolio of high quality, blue chip companies.” When I think of blue chip companies, I think of the banks, Suncor, Enbridge, and BCE – basically the biggest, most stable companies in the country. Yet when I look at the holdings of this fund, I see names like Newalta, International Rectifier and Grafton Group. I’m sure they are all good companies, just not what I would consider to be blue chip.

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TD International Index

As the name suggests, this fund is designed to replicate, after fees, the performance of the MSCI EAFE Index. It has no exposure to Canadian or U.S. based companies.

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Mawer Balanced Fund

If you are looking for a great, one stop solution that gives you exposure to a wide range of asset classes, then this is a fund that is definitely worthy of consideration. It is a portfolio that invests in mutual funds that are managed by Calgary based Mawer Investments.

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