Investment Q&A

Q: What are your thoughts on couple of BMO Mutual fund.
BMO Tactical Dividend ETF = GGF31734
BMO Tactical Balanced ETF GGF31222

Q: My question pertains to all of my mutual funds. It appears that there is at least a 1 day delay in the on-line values of my funds: on days when the market and the top 10 companies in a fund are down, the fund will show an increase and the opposite is also true. Do most funds rebalance daily?

Q: Good Day,
I'm wondering if this Mawer fund (MAW104) is a good one ticket solution to an older conservative investor looking for stability? I see the fund currently has about 1/3 of the fund in fixed income, some cash and the balance in equity diversified geographically around the world. Seems like a pretty good solution, would you agree with this?
Thank-you.

Q: What is your opinion of this fund. I have held it for a number of years. But now with the market malaise am wondering if I should add to it; or sell it in order to put the funds to better use - in a well diversified (mostly 5i oriented 3 dimensional portfolio - BE, Income, and Growth). NCE appears to be up almost 1.8% YTD which seems like a "grand slam" compared to mostly everything else.

As usual, thanks in advance for your guidance on this one.

Q: Happy New Year Peter and all at 5i.
Our diversification outside of Canada is through the 5i portfolio Canadian companies with such diversification (ATD, BNS, BOS, CSU, SJ, TCN etc). We don't have any US or Global domiciled stocks. Is this enough looking at 2016 or is it prudent to add some US or Global focus ? Also, we've always been impressed with Dennis Mitchell who now has 4 US/Global funds at Sprott. Though new funds, based upon Mr Mitchell's track record at Sentry, would you recommend any of these ? An alternative ? What percentage of a 5i based portfolio ? Sincere thanks for all your guidance in 2014 and 2015. All the Best in 2016 ! Paul

Q: In TFSA I have 250 shares of XIC, I'm thinking trading XIC for MAW150 or MAW105. In RRSP I have MAW104 should I trade for MAW150 or have both. Would you consider fees to be too high. MAW150 fee in USF or Canadian?
Thank you

Q: what would generally be your top 5 mutual fund families and why?

Q: I have held this fund for about 10 years and I am down 7%. The quarterly dividends are reinvested in the fund and are reflected in the book value. It has been a good fund over the years, but currently has hit a rough patch. The fund is the income portion of my RSP and TFSA.

Should I sell or stay the course? I am reading and watching on BNN that the high yield market is in for a rough ride.

Thank you and season's greetings to everyone at 5i.

Q: Your thoughts as an all-in-one for registered plans

Q: H Peter,

I've owned 2 funds for near a decade and both are down approx 50%. One is Sprott Canadian Equity and the other is AGF PRECIOUS METALS FUND (333)
AGF333

I've been patient and because I know that you know more about these than I do, I am asking you what would you do if you held both of these funds. Would you hold or sell?

Please advise

Thank you

Q: I am looking for some income products to diversify my portfolio. Royal Bank offers what they call Managed Payout Solution products, symbols RBF581, RBF582 and RBF578. While the yield is high for each, the MERs are very high. Also, it is not clear that there are no other hidden fees such as trailers, or front or rear end loading. I would appreciate your opinion of these products.

Q: Would you characterize holdings in RBC Emerging Markets Foreign Exchange Fund as part of the equity or fixed income portion of a portfolio? What correlation might this fund have with the movement of the Canadian or US stock exchanges? Is it beneficial for diversifying a portfolio?
Thanks
David

Q: My company will contribute 50% of what I contribute to the RRSP, however I can only invest with Manulife Mutual Funds.
What's your suggestion ? My time horizon is 18-20 years and I am an aggressive investor. The have a product called Assett Allocation that seems to invest a little bit in all of their funds.

Q: How can you tell if this fund is currency hedged or not?

Tnx for the great work.

Q: Hi
Is there a Canadian small cap fund your team likes?
I tried purchasing the Mawer New Canada Fund, but it's now closed and unavailable to the public.
Any favourites you can suggest?

Thanks

Q: Just my thoughts on the Cho 100 fund question. Post at your discretion:

Although I'm not a holder of this fund and do also strongly recommend Mawer, from a management perspective, I believe Chou is one of the best in the industry:

http://www.theglobeandmail.com/globe-investor/investment-ideas/strategy-lab/value-investing/a-fund-manager-who-refunds-fees-meet-francis-chou/article18405672/?service=mobile

Francis Chou has even refunded fees in the past for poor performing funds, and his value strategies usually take many years to pan out. A large cash balance is likely due to not finding many value stocks in current market conditions. This also provides the ability for the fund to 'pounce' when opportunities do come up.

Q: What is your opinion of the Cho 100 fund? I have held for a number of years and have capital gains to pay if I sell. However seems to be underperforming the last couple of years. What would you consider as a reasonable alternative for a world growth vehicle. I own predominantly stocks and etfs with a light sprinkling of mutual funds.

Many Thanks

Q: Any thoughts on this fixed income fund? There is also a US version and an Investment Version.
Thanks!

Q: I would like to add international stocks to my portfolio for diversity. My current mix is 90% Canadian stocks and 10% US. I know I should not be so heavily weighted towards Canada therefore I am considering 50% Canada, 30% US and 20% International. Many of my Canadian companies have US and global business. My US exposure is through two low cost ETFs with Vanguard, namely VFV and VUN. Although VFV is comprised of US companies, more than half of those companies have international exposure. Although I am hesitant to buy mutual funds because of their high fees, I note that Mawer funds have lower fees than others plus their performance is much better than passive ETFs. I would appreciate your comments on my goals for diversification, and any other mutual fund companies or actively managed ETFs that you would recommend for international exposure.

Q: This is my only mutual fund, purchased because I could not find a Canadian based ETF with this mix, and because it seemed to be ranked so high on a longer termed basis. With a MER of 1.82 it is not as expensive as most Canadian based mutual funds. Because of its performance compared to almost all my other investments I would like to increase my stake, but would like your opinion. Do you know of an Canadian ETF with this general mix, and would you agree the Mer expenses are "okay" if the performance seems to be above average. My assumption is that it is ok to "overweight" an ETF or Mutal fund as they are already well diversified. Thanks