New Fund Rating System Launched in 2015
When I first started providing a rating on mutual funds back in 2002, I developed a formula that considered a number of key performance and risk metrics. It looked at absolute return, relative return, volatility and relative volatility. It also took into account the length of track record of a fund when determining the rating for a fund. It seemed to work very well over the years, but its...
Read MoreCI Harbour Fund
Fund Company CI Investments Inc. Fund Type Canadian Focused Equity Rating D Style Blend Risk Level Medium Load Status Optional RRSP/RRIF Suitability Good TFSA Suitability Good Manager Stephen Jenkins since June 1997 MER 2.44% Code CIG 690 – Front End Units CIG 890 – DSC Units Minimum Investment $500 Analysis: Until December 2012, this fund had been managed by respected veteran, Gerry Coleman,...
Read MoreNovember 2013 Market Recap
Happy Holidays!! It is hard to believe that another year has passed and the holiday season is once again upon us. I hope that you and those who are important to you have a wonderful holiday season, and a safe, happy and prosperous New Year. I also wanted to take this opportunity to thank you for your readership. I hope that you continue to find this information to be helpful. In the new year, I...
Read MoreOctober 2013 Market Recap
Despite U.S. government shutdown, global markets rally higher Historically, October has been one of the most volatile months for equity markets, and this year looked to be no different. The stage was set for a bumpy ride as continuing uncertainty over the prospect of the U.S. Federal Reserve slowing the pace of its bond buying program weighed on investors. Adding fuel to this potential flame...
Read MoreSeptember 2013 Market Recap
Lack of taper announcement pushes markets higher As we entered September, investors were focused on the September meeting of the U.S. Federal Reserve’s Open Market Committee. The consensus was that this meeting would be when the Fed chair Ben Bernanke finally announced that they would begin to slow the pace of their massive bond buying program, signaling the beginning of the end for low interest...
Read MoreAugust 2013 Market Recap
Global tensions and taper talk worry investors Investor worries over when the U.S. Federal Reserve would begin tapering its massive bond buying program re-emerged in August, pushing bond yields higher. In the U.S., the yield on the benchmark ten year U.S. Treasury Bond rose from 2.60% to 2.78%. It was the same situation in Canada, where the yield jumped from 2.45% to 2.61% on the Government...
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