The Canadian mutual funds are highly popular among the potential investors across Canada.Like other nations,mutual funds of Canada pools money from different investors and then fund managers of the mutual fund issuers invest the amount in variety of securities like bonds,stocks,cash and other kinds of securities. While selecting a Canadian mutual fund,it is prudent to have a clear overview about the personal investment objectives.Investment in mutual funds involve risk and before investing it is prudent to have a clear overview regarding the risks and benefits associated to investments in Canadian mutual funds.
Canadian mutual funds are in high demand ,Investment Funds Institute of Canada (IFIC) highlighted the fact that net industry sales was $2.5-billion in April 2007.It is five times more than the sales during the sales of April 2006. There are various financial advisory service providers and brokers in Canada who assist during purchase of Canadian mutual funds.
Number of investors are constantly at a rise and Canadian mutual funds can be categorized into two main categories :
The major mutual fund providers of Canada are mentioned below:
Canadian mutual funds are in high demand ,Investment Funds Institute of Canada (IFIC) highlighted the fact that net industry sales was $2.5-billion in April 2007.It is five times more than the sales during the sales of April 2006. There are various financial advisory service providers and brokers in Canada who assist during purchase of Canadian mutual funds.
Number of investors are constantly at a rise and Canadian mutual funds can be categorized into two main categories :
- No-load funds: For many mutual funds,commission is not charged.
- Load funds:Commissions are charged for load funds.
The major mutual fund providers of Canada are mentioned below:
- IGM Financial Inc.
- Royal Bank of Canada
- CI Fund Management Inc.
- Toronto-Dominion Bank
- AMVESCAP plc
- Canadian Imperial Bank of Commerce
- FMR Corp.
- Bank of Montreal
- AGF Management Limited
- Franklin Resources Inc.
- Phillips Hager & North Ltd.
- Dundee Corporation
- Bank of Nova Scotia
- CMA Holdings Incorporated
- National Bank of Canada
- Fédération des caisses Desjardins du Québec
- Manulife Financial Corporation
- AIC Limited
- Industrial Alliance Insurance and Financial Services Inc.
- Brandes Investment Partners
- HSBC Holdings plc
- Standard Life plc
- Acuity Funds Ltd.
- Saxon Financial Inc.
- Ethical Funds Inc.
- Mawer Investment Management Ltd.
- Sentry Select Capital Corp.
- Sceptre Investment Counsel Limited
Canadian mutual fund market offer a wide array of professionally managed portfolios and one can select according to personal financial objectives. Most of the Canadian mutual funds can be personally purchased. The net Asset Value(NAV) of strong Canadian mutual funds are growing daily and this attract a large number of Canadian investors.
