Investment Q&A

Q: What are the pros and cons of the new Longevity Pension Fund recently announced by Purpose Investments?

Q: Hello 5i Team
Using Nine Point Energy Fund as an example, when the company has three versions of a mutual fund (Series A, Series F and an ETF) how are the portfolios structured? Are the funds structured as three separate accounts (i.e. the portfolio manager purchases the same security in three separate accounts) or are the funds held in one common account (i.e. the portfolio manager purchases the a security in one account) and the returns/expenses calculated as proportional amounts?
Does either method have an impact on fees or the liquidity (using the example where the EFT version is smaller in value than the Series A or Series F) of the funds?
Thank you

Q: Hello,
This is a general question about purchasing mutual funds... would you please clarify the significance of the NAV .. for instance I'm looking at a fund that shows 116% growth from 2011 to date but the NAV was $20.00 at launch and is currently $13.6797... shouldn't the NAV be higher? Thanks for your help, Jenn

Q: Hi 5i Team, I'm looking for a couple of suggestions on (very) good, general mutual funds in the mold -- if I can reveal my age -- of Bob Krembil's Trimark Fund in the '90s. Nothing country or sector specific, just a couple of funds that have exceptional management and consistently good returns. My wife has a small amount in a LIRA that warrants one or two mutual funds at the most (I like active management; I'm not a fan of ETF's for the most part). Thank you for your insights, Pete in Calgary.

Q: Good morning,
Although a big fan and long time holder of all Mawer equity funds in my family portfolio, I'm now looking for the second time at dumping the MAW106 as a core holding given its inability to beat its benchmark index in the last few years probably due in part to its increasing popularity and size.
Would you kindly suggest a suitable ETF and/or a mutual fund replacement for MAW 106 or should I simply add to some my other existing core ETF holdings. I currently hold XIU, XIC, XDV and XEI.

Q: Could you give your thoughts on this mutual fund.I like to know what companies it has in the fund past the top 10
We’re to find that info ?
Is there a etf you like better in the same area
Thanks for the help

Q: I understand that this Mawer Fund is closed. Is there another Canadian fund, no load possibly, which you would rate as well as MAW107. thanks

Q: Hi gang, can you please help me look deep in this
Accounts:
Mfc5786
Dyn3361
Nbn1120s
Eqp107
Che.in
Are this funds good to hold for2-3 years in rrsp accounts. Are this company strong and are dividends safe. Should I keep them. Thanks
Alnoor

Q: MAW105 is supposed to be more tax efficient but how can it be since the distribution under that fund is greater than under MAW104 or MAW130.
MAW104 is a fund of funds while the other 2 hold the securities. What is the difference between the global balanced fund and the tax efficient one.
What will be the best one for a non registered account and for an rrsp. Why?
Thank you for your help with this matter.

Q: Peter, your experience managing a fund is why I am seeking your comments. An account at TD Wealth management is 2/3 invested in the TD private funds and 1/3 in individual Canadian stocks. In 2020 turnover was 100% and I know I personally did a lot of trading last year. 3 days after oil went negative, the oil stocks were sold when I was buying (and made piles!!). I've also noticed that several TD funds were bought during the year and then sold in 1 or 2 months, or less. Sometimes Canadian shares were sold one day and bought back the next day at a higher price. I find it hard to believe that professional money managers would buy a fund (TD China, for example) and sell it one month later for a few cents profit. While the commission on common shares is only about 3 cents per share, my $10/trade works out less on larger orders. Is this normal to trade in funds like this? This happened other years too not just 2020 but trading was higher last year. Overall, performance over 5-6 years has been adequate but not exceptional, mid single digits. Deduct points as you see fit. Appreciate any insight.

Q: Hello 5i Team,
A good friend of mine has all his investments in 2 funds.  

RESP: CIBC Managed Aggressive Growth Portfolio

RRSP: BMO SelectTrust Equity Growth Portfolio - Series A

He has everything in those two funds. Are they worth holding? What do you suggest I advise him?  I've talked to him about ETF's and doing something different than mutual funds.
Thank you for helping out. Brent

Q: I still have $60,000 in a mutual fund with Canada Life with an MER of 3% ($1800) that i want to transfer out to my group pension that has much lower fees. The mutual fund still has a DSC of $1200 until the Maturity date of December 2021. How or when is the MER paid out? Is it more beneficial to me to transfer out now or to wait until the December date, (are there other factors to consider?)? thank you

Q: Is there any advantage to using ETFs rather than mutual funds in our fixed income portfolio? Presently, we have 35% in fixed income with DFA231, DFA 603, PM0 205 & LYS801F.

Q: Would appreciate recommendation on Canadian mutual fund(s) for international (ex NA) exposure, pay a DRIPable dividend and allow couple hundred dollars of monthly contribution without charge?

Please mention if there are ETF(s) which allow monthly contribution without fee,

Thanks

Q: Hi group, I would like to buy dyn3366. In usa$. How would you rate it? Is the div safe? Long term for rrsp . Thanks
Alnoor

Q: My largest bond fund is pmo205. As bond funds go, it is highly rated. The effective (avg?) duration is 3 yrs. In this interest rate environment, would you replace it with short-terms bond funds (hfr, csd)?

Q: Can you please recommend a couple of good Canadian equity mutual funds, like MAWER 106, with a proven track record ? Thank you.

Q: Info about and how do you rate cig50011.

thanks.

Q: Dear 5i team,
I've owned CHO100 since 2006 and I've had approximately a 75% ROI since this time which is in my opinion lackluster. I had high hopes for the is fund and its manager but things have not worked out as well as I would have hoped. That said, recently it has done well compared to pears but still. Do you think it's time to cut to the cord? Any opinions on its future prospects.

I've also owned MAW107 since 2004 and have had phenomenal results of over 500%. So much so that I am wondering if it would be a good time to cash in profits Again, any thoughts on the fund's future prospects? Both are in my RRSP and I have still at least 15 years before I will be needing to draw from it.
Many thanks in advance.

Q: I have been a long-time holder of the CHO100 fund since 2006. The fund has had ok returns but in the past few years has not kept up with the market. That said, recently it's done very well compared to industry peers. After 15 years, I've gained approximately 75% over my initial investment in both appreciation and distribution. I realize you can only comment in general terms but what do you think of its prospects moving forward? Thanks in advance.