Posted on Wednesday, 20th January 2010 by admin
Over the past few years, we have been running through a lot of market fluctuations and selecting our stocks has become quite difficult. For those who have decided to quit stock picking and looking towards mutual funds, we will be presenting the best Canadian Mutual Funds offered by banks.
Today, we show a global appreciation of each Canadian mutual funds family (provided by Canadian bank only). You will be able to see which mutual fund family has been showing the best return over one, three and five years.
Best Canadian Mutual Funds (Canadian big Banks only)
BMO INVESTMENTS CIBC SECURITIES NATIONAL BANK MUTUAL FUNDS RBC ASSET MANAGEMENT SCOTIA SECURITIES TD ASSET MANAGEMENT
Above Performance Performers 10 (14.7%) 26 (11%) 25 (18.9%) 26 (9.7%) 7 (5.9%) 66 (19.6%)
Below Average Performers 18 53 17 38 13 49
Inconsistent Performers 40 156 90 204 98 222
Total Funds 68 235 132 268 118 337
As you can see, there is a huge difference from one Canadian mutual fund family to another. Some banks have decided to reduce their mutual funds offer (such as the BMO, National Bank and Scotia Securities) while the 3 others (CIBI, RBC and TD) have multiplied their mutual fund family.
The percentage besides the number of the above average performers mutual funds for each family determines how many funds finish in best first and second quartile. At first glance, the TD fund might see very attractive when you see that they have 66 mutual funds among the best performing in Canada. On top of that, even when we consider their the date in percentage (19.7%) they are still the best performing Canadian mutual funds family among Canadian banks.
I agree that the past is not predicting the future but you must agree with me that some Canadian Banks definitely know better how to manage investors’ money. In the upcoming post, we will provide more details about different mutual fund asset class.
Posted in Best Canadian Mutual Funds | Comments (0)
