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imaxx Global Equity Growth Fund
The mandate of this fund is to focus its attention on companies that have their core business in six key sectors: consumer products/services, financial services, energy, health care, information technology and telecommunications. The manager may go beyond those areas but almost 60% of the portfolio is in the target sectors now. The U.S. and Japan represent about two-thirds of the asset mix in geographic terms.
read moreimaxx Canadian Fixed Pay
This is primarily an income trusts fund (75.5% of total assets) with some bonds tossed into the mix (16.4% as of June 30/05). It has tended to underperform the Canadian Income Trusts category, in large part because of that bond position. Over the 12 months to July 31/05 it gained 20.1%, which was nine percentage points below the category average. The three-year average annual compound rate of return was 19% compared at an average of 20.3%. Risk is about average.
read moreimaxx Canadian Equity Value Fund
This is the value-oriented partner to imaxx Canadian Equity Growth Fund. The emphasis here is on searching out undervalued companies while at the same time protecting the capital base of investors. The managers, who are with the firm of Foyston, Gordon and Payne, aren’t afraid to take fairly large positions; currently BCE and Bank of Montreal each represent more than 5% of the portfolio. In fact, all the big banks except TD show up in the top ten holdings.
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