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Investment Products: Mutual Funds Sponsored
by: Simply put, a mutual fund is a "pooling" of dollars by a large number of people, for the purposes of investing. There are many benefits to investing in this manner, including: 1. Professional investment management- you are hiring experts to invest on your behalf 2. Diversification- your investment is spread amongst many different companies and/or countries 3. Liquidity- you have fast access to your cash 4. Compounding- your assets multiply over time 5. Regular investing- you can invest relatively small amounts on a monthly basis 6. Variety- there are funds available to suit the financial objectives of both large and small investors, as well as younger and older individuals 7. Preferred tax treatment- an investor may earn three types of investment income: interest, dividends and capital gains. Both dividends and capital gains enjoy preferential tax treatment compared to interest income. 8. Reporting statements- you will receive copies of tax forms and financial statements, which will allow you to keep track of your investments Types of funds available There are about 4,000 mutual funds available in Canada, and each fund has its own investment objective. Of these 4,000 funds, each has its own level of risk. The following list is provided for illustration purposes to give you an idea of the types of funds available, beginning with the lowest risk.
Here at Algoma Financial Services, we offer funds from virtually all of the major fund companies, as well as many of the banks. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual fund securities are not guaranteed, their values change frequently and past performance may not be repeated. |
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