WHAT WE'RE UP TO
A check to see who's making money this year in the U.S., global and international equity categories, otherwise known collectively as The Wasteland.
Simple stuff - we've taken all funds in these three categories and ranked them by their returns for the 12 months to June 30. We've also shown five-year results to provide a longer-term view of performance.
SO WHAT DID WE TURN UP?
Results that can only be described as depressing if you've heeded the conventional advice to diversify your portfolio globally and not focus exclusively on Canada. Just eight funds in the U.S., global and international categories are up in the past 12 months. Also, notice how few popular U.S., global and international funds made our list. Not a single Top 10 fund, as ranked by assets, in any of these three areas makes an appearance.
The performance of the funds on our list may not look all the great in isolation, but they shine when compared to the average U.S., global and international fund returns. U.S. equity funds averaged a loss of 18.1 per cent in the past 12 months, global funds a loss of 14.6 per cent and international funds a loss of 17.2 per cent. So much for looking to global markets at a time when the Canadian stock market has been weakening.
It's worth noting that the U.S., global and international fund managers who have been successful in the past year appear not to be flukes. In many cases, the five-year returns for these funds are quite good as well. Take Mackenzie Universal International Stock, for example. It avoided losing money in the past year, quite an achievement, and returns over the past two-, three- and five-year periods are well above average. The manager of this fund, Manraj Sekhon, has figured out how to make money where most others can't.
Mackenzie Financial and Dynamic Funds are the only companies to appear a few times each on our list. Dynamic's a fund family where almost everything is going right these days. Some success in the treacherous U.S., global and international categories highlights this success.
|US, Global & Int'l funds||(As of June 30)|
|Assets ('000)||Last reported||1-yr %||5-yr %|
|Fund name||Category as of June 2008||MER date||MER||return||return|
|DMP Power Global Growth Class||Global Equity||20,522||6/29/2007||2.61||16.8|
|Dynamic Power Global Growth Cl||Global Equity||236,494||6/29/2007||2.67||15.1||18.2|
|Lakeview Disp Leadership US Eq(C$)A||Global Equity||52,737||6/30/2008||2.37||14.4|
|Mulvihill Total Return||Global Equity||7.0||6.4|
|QFM Global Sector Target||Global Equity||1.1|
|Mackenzie Univ International Stock||International Equity||404,667||6/29/2007||2.46||1.1||11.5|
|Manulife Global Opportunities Class||Global Equity||20,717||4/30/2007||2.70||0.6|
|Landry Morin US momentum-F||U.S. Equity||11/30/2005||2.33||0.3|
|Mackenzie Univ US Gwt Ldrs(Unhgd)Cl||U.S. Equity||15,786||6/29/2007||2.75||-1.4|
|Dynamic American Value||U.S. Equity||201,896||6/29/2007||2.55||-1.7||11.8|
|Dynamic Power American Growth||U.S. Equity||209,997||6/29/2007||2.55||-1.7||11.5|
|Mackenzie Univ US Growth Leaders||U.S. Equity||15,535||6/29/2007||2.73||-2.2||0.4|
|Standard Life Global Eqty Focus-A||Global Equity||859||-2.7|
|Dynamic Global Dividend Value||Global Equity||686,889||6/29/2007||2.61||-3.3|
|Middlefield U.S. Growth Class||U.S. Equity||1,722||6/30/2008||2.43||-3.4||4.7|
|TIS Preservation & Growth||Global Equity||-3.6|
|Integra International Equity||International Equity||59,560||12/31/2002||2.68||-4.1||12.4|
|Renaissance Global Focus||Global Equity||60,536||4/30/2008||2.63||-4.4||11.1|
|Mackenzie Univ U.S. DivIn-T5(Hedge)||U.S. Equity||91,106||6/30/2006||2.00||-5.0|
|NexGen American Growth-CG||U.S. Equity||177||6/30/2008||2.65||-5.3|
|IG Mackenzie Ivy European-C||Global Equity||197,518||6/30/2008||2.90||-5.4||7.4|
|RBC U.S. Equity Currency Neutral||U.S. Equity||60,705||6/30/2008||2.02||-5.7|
|Investors U.S. Large Cap Growth-C||U.S. Equity||202,611||6/30/2008||2.89||-5.8||-0.1|
|Renaissance Global Growth||Global Equity||49,872||4/30/2008||2.68||-6.0||7.3|
|RBC Select Aggressive Growth Port||Global Equity||160,958||6/30/2008||2.03||-6.2|
|Radiant All Equity Portfolio||Global Equity||94,043||6/29/2007||2.80||-6.4|
|Mackenzie Ivy Foreign Equity||Global Equity||2,220,052||6/29/2007||2.42||-6.4||3.9|
|imaxx Global Equity Growth||Global Equity||10,626||6/30/2008||2.85||-6.7||6.5|
|Primerica Aggressive Growth||Global Equity||708,383||6/30/2008||2.65||-7.0||12.0|
|Dynamic Global Discovery||Global Equity||716,144||6/29/2007||2.72||-7.2||14.9|
|Renaissance International Equity||International Equity||45,107||4/30/2008||2.68||-7.9||10.4|
|MD International Growth||International Equity||234,320||12/31/2007||1.89||-7.9||8.9|
|FrontierAlt Oasis World-A||Global Equity||1,514||-8.0|
|Hartford Capital Appreciation D||Global Equity||5/30/2008||2.00||-8.5||8.0|
|Manulife Mawer Tax-Managed Grwth Fd||Global Equity||39,644||12/31/2007||2.60||-8.6||7.0|
|AGF American Growth Class||U.S. Equity||574,337||6/30/2008||2.95||-8.7||2.5|
|Renaissance Global Markets||Global Equity||238,219||4/30/2008||2.56||-8.7||5.4|
© 2007 The Globe and Mail. All rights reserved.
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