Mackenzie Cundill American Class
Cundill and other deep value shops have struggled of late, and this fund is no exception. Over the past five years, it has an annual compound return of -3.69%, while the S&P 500 lost 0.10%. Volatility has been substantially higher than both the index and the category.
Read MoreFidelity Dividend Plus Fund
This was formerly known as the Fidelity Income Trust Fund, but Fidelity renamed it to Divided Plus and expanded its mandate considering the taxation changes to income trusts. Today, it invests in high yielding equities, REITs and other equity income investments. The portfolio is managed using a bottom up approach that looks for reasonably valued, high quality companies that have the potential to maintain and grow their dividends over time.
Read MoreRBC Canadian Equity Income Fund
The Globe and Mail ranks this fund as one of the funds offering the best “bang for your buck.” In reviewing it, it’s not hard to see why. It has consistently offered above average returns at a below average cost. It has also consistently ranked very high based on our proprietary fund valuation model for the past few years.
Read MoreCI Global Health Sciences Fund
As we pointed out in our last review in March 2012, volatility had been increasing which had been causing us some concern. While five months may not be a long enough period on which to judge, we have noticed that volatility appears to have stabilized, which provides us with some level of comfort and reinforces our view on the fund.
Read MoreFidelity Far East Fund
Henry Chan recently took over the management duties of this fund from Joseph Tse, who had been at the helm since July 2003. Under Mr. Chan’s management, there aren’t expected to be wholesale changes as both managers follow a similar process.
Read MoreTD Health Sciences Fund
One of our favourite funds in the sector is the TD Health Sciences Fund. It invests in companies that are involved in the research, development, production, or distribution of products or services related to health care, medicine, or the life sciences. To qualify for selection, companies must derive at least 50% of their assets, revenues, or operating profits from those activities. The manager tends to focus in the U.S. where nearly 81% of the fund is invested.
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