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We feel the bulk of your fund portfolio should be in well-balanced, diversified mutual funds. These are funds that hold high-quality investments mainly in large, well-established Canadian and U.S. stocks. These funds are well-diversified among the five economic sectors -- finance, consumer, utilities, resources, and manufacturing and industry.
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Funds such as those profiled below should make up between one third and two thirds of most fund investors' portfolios. We think you'll do better with a portfolio of these funds than with a collection of theme funds, heavily promoted funds, mutual funds with speculative, low-quality holdings, and funds that trade frequently to try and catch the latest price momentum trends.
Universal Canadian Growth Fund (Recent price: $13.83; Rating: conservative; Fund company: Mackenzie Financial Corp., phone number 1-800-387-0780; Web site: www.mackenziefinancial.com; Load fund -- available from brokers) is managed by two former Trimark managers, Dennis Starritt and Dina DeGreer. It invests in companies with strong management and sound business prospects. The fund invests in fewer than 40...