WHAT ARE WE LOOKING FOR?
Today's search is for growth and income funds that have made money this year.
We used Globefund for this search. Yes, it is broad, but there aren't many funds that have made money in this rout. (The S&P/TSX composite index is down about 30 per cent this year.)
The returns shown are after management expense ratios (fees) have been deducted.
WHAT DID WE TURN UP?
The top two gainers are sponsored by Arrow Hedge Partners Inc., a hedge fund company in Toronto. The Arrow Tetra U.S. Long/Short Hedge Fund gained 19 per cent, handily topping the list. Sarbit Global Balanced Trust, which targets equities and fixed income investments, returned 2 per cent. Its cash holdings are 62 per cent.
The rest of the list is dominated by funds with bond and other fixed-income investments. As you see, most have returns in the low single digits - nothing to write home about but certainly better than the steep declines others have faced.
|Top Growth & Income funds||% return (as of Sep. 30 '08)|
|Assets ($-mil)||Latest||Last Reported||YTD % return|
|Fund name||Category ()||as of Sep. '08||MER||(as of last reptd date)||1-mo||1-yr||3-yr||5-yr|
|Arrow Tetra US Long/Short||Canadian Neutral Balanced||10/24/2008||19.0||-1.1||24.6|
|Arrow Act II TMT Fund||Canadian Neutral Balanced||10/24/2008||6.4||-3.1|
|Trans IMS American Asset Allocation||Global Neutral Balanced||0.3||2.73||10/29/2008||3.3||-2.5||-4.1||0.5||-1.4|
|Sarbit Global Balanced Trust||Global Equity Balanced||0.1||2.13||10/30/2008||2.0||-1.5||-0.7|
|KEYSTONE Balanced Growth Port P||Global Equity Balanced||10/29/2008||1.3||0.0||2.0|
|AGF Canadian Conservative Income||Canadian Fixed Income Balanced||121.9||1.76||10/29/2008||0.9||-1.7||2.0||1.6||1.8|
|Vertex Managed Value Portfolio-A||Canadian Equity Balanced||65.9||1.54||9/30/2008||0.7||0.3||-1.6||0.4||4.9|
|KEYSTONE Conservative Portfolio P||Global Neutral Balanced||10/29/2008||0.7||0.0||1.3|
|IA Clarington Target Click 2010||2010 Target Date Portfolio||43.6||1.87||10/29/2008||0.4||-0.7||1.0||2.5|
|CI Select Staging||Canadian Neutral Balanced||0.2||10/29/2008||0.0||0.0||0.0|
|CIBC Very Conservative Index Po-620||Canadian Fixed Income Balanced||9/30/2008||-0.1||-2.8||0.8||3.1||4.3|
|GWL Fixed Income Portfolio (G) NL||Canadian Fixed Income Balanced||3.6||2.52||10/29/2008||-0.4||-1.8||2.4||0.9||1.9|
|S&P 500 index||-36.7||-9.2||-23.7||-1.8||3.2|
|S&P/TSX composite index||-31.3||-14.7||-16.6||2.2||9.6|
© 2007 The Globe and Mail. All rights reserved.
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