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Learning Centre -
Mutual Funds
Types of Mutual Funds
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Mutual
Fund:
A
portfolio of investment securities held in the name of the fund,
which is owned by people who have bought shares in the fund itself.
Extracted from the Fiscal
Agents Financial Glossary
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Canadian
Equity Funds |
Invest
primarily in common stocks and other equity securities of Canadian
companies. |
Canadian
Resource Equity Fund |
Invest
in the Canadian resource sector, such as forestry, mining, oil and
gas stocks. |
U.S.
Equity Funds |
Invest
a large portion of assets in common stocks and other equity securities
of U.S. companies. |
North
American
Equity Funds |
Invest
in Canadian and U.S equity securities, but may hold Mexican equity
securities. |
Global
Equity Funds |
Invest
in common stocks and other equity securities of foreign and Canadian
issuers. A fund's investments are not limited geographically. |
International
Equity Funds |
Invest
primarily in common stocks and other equity securities of foreign
issuers. No Canadian securities. |
Asia-Pacific
Rim
Equity Funds |
Invest
primarily in common stocks and other equity securities with principal
business activities in one or more Asia-Pacific Rim region countries.
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European
Equity Funds |
Invest
primarily in common stocks and other equity securities of companies
with principal business activities in one or more European countries.
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Dividend
Funds |
Invest
in high dividend-paying preferred (and sometimes common) shares of
Canadian companies. |
Canadian
Bond
& Income Funds |
Invest
primarily in fixed-income securities of Canadian government and corporate
issuers. |
U.S.
& International
Bond & Income Funds |
Invest
in U.S. and foreign government and corporate securities, or in Canadian
government and corporate securities in U.S. or foreign denominations. |
Mortgage
Funds |
Invest
in residential and commercial mortgages. |
Canadian
Balanced Funds |
Invest
in a blend of Canadian stocks and bonds and generally must maintain
minimum holdings of each. |
U.S.
& International Balanced Funds |
Invest
in a balance of U.S. or international stocks and bonds, or Canadian
issues in U.S. or international denominations. |
Asset
Allocation Funds |
Assets
are allocated among stocks, bonds and money-market instruments, which
will vary according to economic conditions. Normally no minimum asset
holding requirements. |
Money
Market Funds |
Almost
all assets in Canadian money market instruments such as treasury bills,
certificates of deposit, short-term government bonds and commercial
paper. |
U.S.
& International Money Market Funds |
Almost
all assets in U.S. or foreign money-market instruments, or in Canadian
money-Market instruments denominated in U.S. or foreign currencies. |
Real
Estate Funds |
Invest
in commercial and industrial real estate. |
Specialty
Funds |
Invest
in specific markets, such as precious metals or commodities. |
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Notice:
Fiscal Agents Financial Services Group are not engaged in rendering
tax, accounting or legal professional services or advice. The comments
in this Executive Notes are not intended, nor should they be relied
upon, to replace specific professional advice. Before acting on
material contained herein, readers should seek advice that is appropriate
to their personal circumstances from a professional advisor.
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