Topic: Growth Stocks

RBC CANADIAN EQUITY FUND $27.30 – Toronto

RBC CANADIAN EQUITY FUND $27.30 (CWA Rating: Conservative) (RBC Funds, P.O. Box 7500, Station A, Toronto, Ontario. M5W 1P9. 1-800-463-3863; Web site: www.royalbank.com. No load — deal directly with the bank) invests mostly in larger-capitalization stocks, but also looks for opportunities in small and mid-cap stocks.

The fund’s 10 largest holdings are TD Bank, Manulife Financial, Bank of Nova Scotia, Royal Bank, EnCana, Barrick Gold, CN Railway, CIBC, Suncor Energy and Bank of Montreal.

The $4.7 billion fund holds 31.6% of its holdings in Financial stocks. It also holds 21.5% in Energy stocks.

Over the last ten years, RBC Canadian Equity posted a 10.2% annual rate of return. That’s about equal to the S&P/TSX’s gain of 10.0%. The fund made 17.5% over the last year, compared to a gain of 17.3% for the S&P/TSX. The fund’s MER is 1.99%.

RBC Canadian Equity Fund is a buy.

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