Mutual Fund Updates

CI Canadian Investment

The CI Canadian Investment Fund follows a very simple investment approach where manager Daniel Bubus looks to buy out of favour companies that are trading at a discounted valuation, often due to a controversy.

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RBC Global High Yield Bond Fund

For those looking for a well managed fund that invests in high yielding corporate and government bonds around the world, then this is a great place to start. While the focus is on developed markets, it can also invest in emerging market debt. As of September 30, the fund had 38% exposure to emerging markets.

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O’Leary U.S. Strategic Yield Fund

While this is officially classified as a global balanced fund, it is in fact, one of the few U.S. focused balanced funds that are available to investors. Launched in June 2011, it invests in equity and debt securities of U.S. issuers. It is available in a version which hedges the currency exposure and a version which does not.

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Altamira High Yield Bond Fund

With interest rates hovering near historic lows, many investors are turning to high yield bonds as a way to generate additional return while rates remain stable, and provide better downside protection when interest rates begin to move higher.

This high yield offering from National Bank invests in high yield bonds of both Canadian and global issuers. As of September 30, it was heavily tilted towards U.S. issuers, which make up more than two thirds of the fund. Canadian issuers make up 17%.

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CI Harbour Foreign Equity Fund

Like all Harbour branded funds, the CI Harbour Foreign Equity Fund is managed using a bottom up process that looks for best of breed companies that are run by strong management teams, with sound balance sheets and the ability to generate superior cash flow. They also like companies that have some level of pricing power and have the ability to grow. Dividends and share buybacks are also factors that are considered when conducting their fundamental review. The end result is a concentrated portfolio that will hold between 30 and 40 names.

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Scotia U.S. Index Fund

This index fund is designed to replicate the performance of the S&P 500 on an after fee basis. It invests in the stocks that make up the S&P 500 Index. Currency exposure is not hedged.

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