An equity fund is a type of mutual fund or exchange-traded fund (ETF) that invests mostly in stocks.
Also known as stock funds, equity funds can be managed both actively and passively. They may be categorized by geography, either domestic, international, or global.
There are also market capitalization equity funds, which put a specific limit on the size of companies. These include mega-cap, large cap, medium cap, small cap, and micro cap firms.
Some investors in equity funds choose specialty funds which target specific economic sectors. The five main economic stock sectors are: Resources & Commodities, Finance, Manufacturing & Industry, Utilities and Consumer.
Spreading your holdings out across most if not all of the five sectors helps you avoid overloading yourself with stocks that are about to slump because of industry conditions or a change in investor fashion.
Prices of an equity fund are typically determined from the fund’s net asset value (NAV).
While you don’t want to buy and hold an equity fund or mutual funds indefinitely (we prefer buy and “watch closely”), frequent mutual fund or ETF trading can be risky—and hurt your long-term returns. Many mutual fund and ETF investors have lost sight of this risk. Mutual funds or ETFs can make good long-term investments, but sometimes investors get caught up in mutual fund or ETF trading and the risky practice of momentum investing.
At TSI Network, we recommend using our three-part Successful Investor philosophy:
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The performance of these five large funds — one from each of Canada’s big-five banks — has suffered over the last year. That’s because they held high weightings in Financial services and Resources stocks. Financial services have dropped due to turmoil in credit markets. Resources… Read More
RBC CANADIAN EQUITY FUND $19.69 (CWA Rating: Conservative) (RBC Mutual 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… Read More
IVY EUROPEAN FUND $12.72 (CWA Rating: Aggressive) holds mostly good quality stocks, although it has underperformed the longer-term benchmark Morgan Stanley indexes.
We don’t see any reason to hold a mutual fund that concentrates in Europe. If you want European exposure, consider Ivy Foreign Equity Fund… Read More
IVY FOREIGN EQUITY FUND $26.81 (CWA Rating: Conservative) outperformed the Morgan Stanley benchmark international index over the last 10 years. The fund gained 5.0%, and that was better than the Morgan Stanley benchmark’s gain of 1.7%. Ivy Foreign Equity Fund lost 2.2% over the last… Read More
At one time, mutual funds within a particular ‘fund family’ often shared some key investment characteristic, such as a conservative or aggressive investment approach, or a stress on value as opposed to growth.
However, due to corporate mergers and takeovers in the mutual-funds industry, and more… Read More
CHILE FUND $17.05 (New York symbol CH) (CWA Rating: Aggressive) invests primarily in Chilean stocks. It’s managed by Credit Suisse Asset Management, a division of Credit Suisse, Switzerland’s second-largest bank.
Prices for copper, a key commodity for Chile, are down from the all-time highs they reached… Read More
JAPAN EQUITY FUND $4.51 (New York symbol JEQ; CWA Rating: Aggressive) invests mostly in large capitalization stocks on the Tokyo Stock Exchange. The fund’s top holdings include: Toyota Motor, Mitsubishi UFJ Financial Group, East Japan Railway Co., Shin-Etsu Chemical Co. and Takeda Pharmaceutical Co.
Japan Equity… Read More
CIBC CANADIAN EQUITY FUND $27.83 (CWA Rating: Conservative) (CIBC Securities, 5140 Yonge Street, Suite 900, Toronto, Ontario M2N 6X7. 1-800-631-7008; Website: www.cibc.com. No load — deal directly with the company.) uses a “bottom-up” approach (using fundamentals such as earnings, cash flow and low debt) to… Read More
BMO EQUITY FUND $33.80 (BMO Mutual Funds, 77 King Street West, Suite 4200, Royal Trust Tower, Toronto, Ont., M5K 1J5, 1-800-665-7700; Web site: www.bmo.com. No load — deal directly with the bank) (CWA Rating: Conservative) generally invests mostly in ‘blue-chip” Canadian companies. These stocks are… Read More
RBC CANADIAN EQUITY FUND $29.08 (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… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.
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