WHAT ARE WE LOOKING FOR?
Hot Canadian stock funds in 2007. Despite the lifting of foreign content limits and hoopla about diversifying globally, most Canadians still have most of their cash tied up in domestic funds.
We take a look at the year-to-date returns (until Dec. 28) for all Canadian stock funds - from large and small-capitalization equity to balanced funds investing in stocks and bonds. We exclude funds with less than $50-million in assets.
SO WHAT DID WE TURN UP?
Small was indeed beautiful.
Most of the top performers were small- to mid-cap funds, including the "focused" version that can invest up to half of its assets in foreign stocks.
Sprott Growth Fund run by Peter Hodson rose to the top of the heap, with a 33.2-per-cent return.
Sprott Growth was trailed by Acuity Clean Environment Equity and Dynamic Power Canadian Growth Class, with returns of 28.9 per cent and 25.4 per cent, respectively. A search on Globefund indicated the holdings of this trio included high-flying Petrobank Energy and Resources Ltd. Shares of the Calgary-based company soared 228.56 per cent this year.
IA Clarington Canadian Leaders Fund run by Pierre Bernard was the top large-cap fund in our search, with an 18.1-per-cent return. With $56-million in assets, this small fund was likely more nimble than its Canadian equity peer group.
Sceptre Equity Growth's O series racked up a 16.7-per-cent return, while its A series came in with 14.9 per cent. Its double-digit return belongs to both Alan Jacobs who jumped ship midyear to run money at Sprott Asset Management Inc., and its new co-managers Matthew Baillie and Tim Hylton.
Dynamic Power Balanced run by Rohit Sehgal (also manager of Dynamic Power Canadian Growth Class) and Michael McHugh rang up a 14.5-per-cent return. It was the only balanced fund that made it into our search.
And, yes, the Sceptre and Dynamic balanced funds had Petrobank as a top holding.
|YTD % Returns (preliminary) in Canadian asset classes|
|% rtn||Net assets||% rtn||% rtn||% rtn||% rtn|
|Fund name||Dec. 28||Asset class||(000s)||2006||2005||2004||2003||MER|
|Sprott Growth||33.2||Canadian Focused Sml/Mid Cap Eq||292,754||-||-||-||-||-|
|Acuity Clean Environment Equity||28.9||Canadian Focused Sml/Mid Cap Eq||117,417||7.7||16.2||11.4||35.9||2.85|
|Dynamic Power Cdn. Gwth Class||25.4||Canadian Focused Sml/Mid Cap Eq||73,395||22.8||27.2||16.9||34.7||3.07|
|Dynamic Power Cdn. Growth||24.7||Canadian Focused Sml/Mid Cap Eq||1,638,479||25.6||28.4||16.7||35.6||3.09|
|BMO Special Equity||23.2||Canadian Small or Mid Cap Equity||399,550||20.4||23.0||20.9||19.6||2.39|
|Norrep Fund||19.4||Canadian Small or Mid Cap Equity||124,474||25.7||32.4||25.0||43.9||2.49|
|Northwest Specialty Equity||18.6||Canadian Small or Mid Cap Equity||255,277||11.0||24.4||19.7||51.3||2.62|
|Dynamic FocusPlus Sml Business||18.1||Canadian Small or Mid Cap Equity||76,236||17.9||24.9||24.2||50.6||2.68|
|IA Clarington Canadian Leaders||18.1||Canadian Equity||56,043||17.2||12.3||12.0||22.5||2.39|
|Sceptre Equity Growth - O||16.7||Canadian Small or Mid Cap Equity||81,701||40.5||21.3||27.0||68.0||-|
|Norrep II Class-A||16.6||Canadian Small or Mid Cap Equity||237,448||18.6||33.9||23.5||45.8||-|
|Altamira Special Growth||16.4||Canadian Small or Mid Cap Equity||111,216||17.5||1.7||11.0||42.8||1.92|
|AGF Cdn Small Cap||15.7||Canadian Small or Mid Cap Equity||350,912||28.9||23.5||11.7||25.1||2.73|
|Renaissance Millennium Next Gen||15.6||Canadian Small or Mid Cap Equity||153,677||13.2||18.9||21.8||18.4||2.67|
|Mawer New Canada||15.6||Canadian Small or Mid Cap Equity||189,480||15.3||18.0||29.5||26.1||1.50|
|Desjardins Environment||15.3||Canadian Equity||119,866||17.0||30.6||11.8||22.2||2.35|
|London Life Ethics (GWLIM)||15.0||Canadian Equity||64,877||9.4||23.4||11.7||24.4||3.02|
|Sceptre Equity Growth - A||14.9||Canadian Small or Mid Cap Equity||680,503||38.7||19.9||25.6||66.7||1.58|
|Investors Canadian Small-Cap-A||14.9||Canadian Small or Mid Cap Equity||600,251||2.3||16.9||11.7||2.71|
|Dynamic Power Balanced||14.5||Canadian Neutral Balanced||556,908||14.9||18.3||10.7||21.0||2.64|
|United-Cdn Equity Gwth Pool Cl W||14.3||Canadian Focused Equity||139,508||13.5||25.1||16.6||26.5||0.20|
|Fidelity Canadian Large Cap-B||14.1||Canadian Equity||158,638||9.4||29.0||12.5||22.8||2.24|
|GGOF Enterprise Mutual||13.9||Canadian Small or Mid Cap Equity||152,872||14.0||16.2||7.0||18.0||2.75|
|Fidelity Canadian Large Cap-A||13.8||Canadian Equity||57,962||9.1||28.7||12.5||22.8||2.52|
|Lakeview Disp Leadrshp Cdn Eq-A||13.4||Canadian Focused Equity||127,004||4.6||21.5||2.08|
|Manulife Canadian Core Fund||13.2||Canadian Equity||261,235||15.0||25.2||16.9||21.3||2.48|
|Fidelity Canadian Growth Co.||13.1||Canadian Small or Mid Cap Equity||1,273,356||8.5||13.7||17.2||24.0||2.22|
|Fidelity Cdn Disciplined Equity-B||13.0||Canadian Equity||1,048,860||15.4||25.4||11.1||26.5||2.23|
|Fidelity True North-B||12.9||Canadian Equity||1,992,647||17.6||23.6||14.5||20.7||2.20|
|National Bank/Fid True North||12.9||Canadian Equity||167,271||17.6||23.6||14.5||20.8||2.21|
|Canada Life Flex Cdn Equity (Lake)||12.9||Canadian Equity||289,392||15.4||28.5||10.6||17.0||2.76|
- Preliminary YTD return for all Canadian Small or Mid Cap Equity, Canadian Focused Small/Mid Cap Equity, Canadian Equity, Canadian
Focused Equity, Canadian Equity Balanced, Canadian Fixed Income Balanced, Canadian Neutral Balanced funds
- With assets over $50-million
© 2007 The Globe and Mail. All rights reserved.
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