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Mutual Funds
Our
Mutual Fund Investment Advisors can help you select the
Mutual Funds that are right for you. We offer the Mutual
Funds of over 30 different companies selling over 300
different individual funds. Trimark, Dynamic, AIC, Templeton,
AGF, Fidelity, MacKenzie, and many, many, more.
Some questions and answers
about Mutual Funds:
Q.
There's been a lot of hype about mutual funds. How
do they work exactly?
A.
Mutual funds are investments which allow a large number
of investors to pool their money and hire a professional
to analyze and buy stocks, bonds and other types of securities.
This allows smaller investors to take advantage of professional
money management and to own a diversified portfolio. Canadians
have more than $350 billion invested in more than 2300
mutual funds.
Q.
What are the advantages of mutual funds?
A. Funds
are managed by experts with market knowledge that the
average investor doesn't have.
- Collective investing reduces and shares the potential
risk.
- Mutual funds offer high liquidity. Without maturity
dates like term deposits, an investor can redeem all
or part of the investment at any time at the current
market value.
- Because funds are sold in units, investments can
be made in regular, bite-sized amounts.
- A wide range of fund types is available to suit
each individual's needs.
Q.
What are the disadvantages?
A.
Mutual funds should usually be considered long-term investments.
While not locked-in to a particular maturity date like
term deposits, they are subject to sudden fluctuations
in market value. However, history shows that when mutual
funds are held for a number of years, these risks are
diminished. Your investment advisor should help you determine
which risk level is right for you.
Q.
Can I buy Mutual Funds for my RRSP?
A.
YES. Mutual Funds can be purchased for both registered
investments. Similarly, common shares, bonds, and T-bills
can be either registered or non-registered investments.
Q.
Are mutual funds covered by deposit insurance?
A.
NO, unlike term deposits, mutual funds are not covered
by deposit insurance. Always read the prospectus carefully
to determine the investment objectives and risks factors
of the fund
This information is provided for the general guidance
and benefit of HMECU members. We assume no liability for
any action taken, or not taken, based on the material
presented here. For more information please call and make
an appointment to see one of mutual fund investment advisors.
Mutual Funds Provided through Worldsource Financial Management
Inc..
Worldsource Financial Management Inc., sponsoring mutual fund dealer. Additional products and services provided by HMECU, and are not the responsibility of Worldsource Financial Management Inc.
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| Prime |
4.75 |
| Loans From |
6.75% |
| Lines of Credit From |
Prime |
| Mortgages From |
4.75% |
| Savings Accounts up to |
2.00% |
| GIC's up to |
3.00% |
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