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Mackenzie Ivy European Class
While the Dynamic offering above has a bit of juice to it, this Ivy offering is the opposite, providing exposure to a conservative, concentrated portfolio of high quality, European based companies. It is managed using the same fundamentally driven, bottom up process that is used with all Ivy branded funds. It looks to win over the long term by not losing as much. The outcome of the process is evident in both the fund’s overall level of volatility, which is well below its peer group, and its downside capture ratio. Historically, it has...
read moreDynamic European Value
If you have the stomach to handle fairly high levels of volatility, then this is one European equity fund you will want to take a look at. Managed by the team of Chuk Wong and Benjamin Zhan, this is a great fund to own when markets are rising. Coming out of the 2009 low, this was the top performer, a feat it repeated after the 2011 selloff in 2012, 2013, and so far this year. But be warned: when markets go south, so does this fund, often selling off hard. Part of this volatility can be explained by its exposure to small and mid-cap names,...
read moreNational Bank Canadian All Cap Equity
Fund Company National Bank Securities Fund Type Canadian Focused Equity Rating A Style Mid Cap Growth Risk Level Medium Load Status Optional RRSP/RRIF Suitability Good TFSA Suitability Good Manager Brandon Snow since April 2011 Alan Radlo since June 2009 MER 2.51% Code NBC 485 – Front End Units NBC 585 – DSC Units Minimum Investment $500 Analysis:At first glance, this looks very similar to the CI Cambridge Canadian Equity. But dig a little deeper and you will notice some significant differences. Perhaps the biggest similarity is both funds...
read moreTD Science & Technology Fund
Fund Company TD Asset Management Fund Type Miscellaneous – Sector Equity Rating A Style Growth Risk Level Medium – High Load Status No Load / Optional RRSP/RRIF Suitability Fair TFSA Suitability Fair Manager T. Rowe Price Associates since October 2008 MER 2.83% Code TDB 645 – No Load Units TDB 322 – Front End Units TDB 352 – DSC Units Minimum Investment $500 Analysis:Science and tech funds have been on a tear recently, and this has been one of the best performers in the category. For the year ending May 31, it has gained 44%, and was up...
read moreCapital International Global Equity Fund
Fund Company Capital International Asset Management Fund Type Global Equity Rating B Style Blend Risk Level Medium Load Status Optional RRSP/RRIF Suitability Excellent TFSA Suitability Excellent Manager Galen Hoskin since August 2012 Carl Kawaja since November 2002 Dina Perry since November 2002 MER 2.11% Code CIF 843 – Front End Units CIF 863 – Low Load Units Minimum Investment $500 Analysis: This global equity fund is managed using a unique, multi-manager approach, with different managers responsible for portions of the fund, independent of...
read moreSteadyhand Equity Fund
Fund Company Steadyhand Investment Funds Fund Type Canadian Focused Equity Rating A Style Growth at a Reasonable Price Risk Level Medium Load Status No Load RRSP/RRIF Suitability Excellent TFSA Suitability Excellent Manager CGOV Asset Management since February 2007 MER 1.42% Code SIF 130 – No Load Units Minimum Investment $10,000 Analysis: With a focus on high quality companies run by great management teams that are trading at a significant discount to its intrinsic value, the Steadyhand Equity Fund has quietly blossomed into one of the...
read moreBMO Global Energy Class
Fund Company BMO Investments Inc. Fund Type Energy Equity Rating A Style Small Cap Growth Risk Level High Load Status No Load / Optional RRSP/RRIF Suitability Poor TFSA Suitability Poor Manager Mark Serdan since May 2013 Kyle Hunter since May 2013 MER 2.66% Code GGF 70236 – No Load Units GGF 87236 – Front End Units GGF 85236 – DSC Units Minimum Investment $500 Analysis: A reader recently asked my opinion on this energy focused offering from BMO. It’s not hard to see why given the strong outperformance it has shown. For the five years ending...
read moreFidelity Corporate Bond Fund
Fund Company Fidelity Investments Canada ULC Fund Type Canadian Fixed Income Rating A Style Credit Analysis Risk Level Low Load Status Optional RRSP/RRIF Suitability Good TFSA Suitability Good Manager Brian Miron since September 2010 Catriona Martin since July 2012 MER 1.69% Code FID 1634 – Front End Units FID 1631 – DSC Units Minimum Investment $500 Analysis: Into today’s challenging fixed income environment, one way to enjoy above average returns is to invest in corporate bonds, which offer marginally higher yields than the safe haven...
read moreIA Clarington Global Dividend Fund
Fund Company IA Clarington Investments Fund Type Global Equity Rating F Style Value Risk Level Medium Load Status Optional RRSP/RRIF Suitability Fair TFSA Suitability Fair Manager QV Investors MER 2.53% Code CCM 1850 – Front End Units CCM 1860 – DSC Units Minimum Investment $500 Analysis: On June 11, it was announced that Joe Jugovic and the QV Investor team would take over the management duties of the IA Clarington Global Dividend Fund starting in July. The fund will be renamed the IA Clarington Global Equity Fund. The fund will essentially...
read moreSentry REIT Fund
For the longest time, this was the go-to real estate fund in Canada. It was consistently one of the best performers in the space, handily outpacing its peer group between 2009 and 2011. However, since 2012, performance has lagged substantially, as investors piled into the fund chasing its former glory. The fund essentially became a victim of its own success. Now at $1.2 billion in assets, the managers have invested about half the fund outside of Canada as they look for suitable opportunities. I have noticed an uptick in performance in the...
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