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Mutual Funds Shift Into High Gear


After starting the year with lacklustre returns in January, mutual funds in Canada that invest in equities shifted into high gear in February, posting strong gains, says data from Morningstar Research Inc. All but one of its fund indices that measure the aggregate returns of equity funds were up during the month, with 17 of the indices increasing by three per cent or more. Fixed income funds, which recorded big gains in January, were relegated to the bottom of the returns table, but remained in positive territory last month. For the second month in a row, funds in the precious metals equity category were the top performers in February with an average increase of 11.4 per cent, owing to solid returns from gold producers.

Courtesy of Benefits and Pensions Monitor website News Alerts 

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