Main

IFIC Says Fund of Funds Prove Popular in 2007

Posted on January 29, 2008 at 12:34 pm 
Filed Under Financial Planning, Investment Planning

All major investment companies in Canada have introduced their own version of a fund of fund product.

A mutual fund is simply a collection of stocks. A fund of fund product is just that, a collection of mutual funds all wrapped up together. Pat Dunwoody, the VP of Member Services & Communications at IFIC, says “Fund-of-funds are seen as part of an overall investment strategy, strengthening the diversification of an investor’s portfolio”. He goes on to say that “They are ideally suited for managing market risk.”

Your Take-Away: There is no time like the present to try and manage market risk, and maybe a fund of fund product is exactly what you need. By investing in a fund of funds product, you have the ability to spread your money around a number of different asset classes and regions while maintaining the original purpose and intent of your original investment based on your personalized risk profile.

Companies such as CI Investments, Mackenzie Financial and Templeton to name a few, all provide well diversified portfolio products that can be matched to your customized risk level.

Until next time, have a Terrific Tuesday.

Chris

Email This Post Email This Post

Comments

2 Responses to “IFIC Says Fund of Funds Prove Popular in 2007”

  1. Diversification » Blog Archive » Asset Allocation: Critical to Your Investment Success on January 30th, 2008 3:45 pm

    […] IFIC Says Fund of Funds Prove Popular in 2007 All major investment companies in Canada have introduced their own version of a fund of fund product. A mutual fund is simply a collection of stocks. A fund of fund product is just that, a collection of mutual funds all wrapped up together. Pat Dunwoody, the VP of Member Services & Communications at IFIC, says “Fund-of-funds are seen as part of an overall investment strategy, strengthening the diversification of an investor’s portfolio”. He goes on to say that “They are ideally suited for […]

  2. Beiggizethiz on August 3rd, 2008 5:02 am

    Very nice!!

Leave a Reply