Mutual Fund Updates

PH&N High Yield Bond Fund

Having been closed to new investors since November 2010, if you don’t already own units of this great fund, then you are out of luck. After seeing a big jump in assets, management decided to cap the fund to protect existing unitholders. Despite not being open for new investment, we felt that an update was warranted.

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Mawer International Equity Fund

Until recently, this fund was known as the Mawer World Investment Fund. To be honest, we always had a bit of an issue with the name as it implied that it had a true global mandate, when in reality, the fund was always non North American in its focus. That is why we were happy to see the name changed to the Mawer International Equity Fund, which we believe to be considerably more appropriate.

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Mackenzie Sentinel Income Fund

We were a bit concerned about this fund after the retirement of Bill Proctor and the resignation of Chris Kesic back in the summer of 2010. As it turns out, most of our fears were unwarranted as the new team of Steve Locke and Norman Raschkowan have done a good job keeping the fund on track.

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TD Mortgage Fund

In many cases, simple is good. With the TD Mortgage Fund, that is definitely the case. It is a very simple fund, investing in a portfolio of high quality Canadian residential mortgages that it buys from TD Bank. It can also invest in uninsured conventional mortgages, National Housing Act insured mortgages and mortgage backed securities.

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IA Clarington Canadian Small Cap

Manager Ian Cooke talks to us about the QV approach By Dave Paterson, CFA Since the market’s low in February 2009, Canadian small caps have outpaced their large cap brethren by a noticeable margin. The S&P/TSX Small Cap Index has gained more than 80% while the S&P/TSX Composite Index rose by 54% during the same period. Despite this outperformance, the general outlook for small cap stocks...

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TD Entertainment & Communications Fund

The TD Entertainment and Communications Fund is an interesting option that invests in companies that are involved in the entertainment, media, and communications industries. Typical holdings include such companies as Apple, Walt Disney, Comcast, and AT&T.

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