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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TD CANADIAN EQUITY FUND $32.66 (CWA Rating: Conservative) (TD Asset Management, P.O. Box 7500, Station A, Toronto, Ontario. M5W 1P9. 1-800-386-3757; Web site: www.tdcanadatrust.ca. No load — deal directly with the bank) uses a “bottom-up” approach (using fundamentals such as earnings, cash flow and low… Read More
The performance of these five large funds run by each of Canada’s big-five banks has differed widely. That’s because they typically have high weightings in certain sectors — most recently Financial services and Resources stocks. Some, like TD Canadian Equity have benefited from a focus… Read More
RBC CANADIAN EQUITY FUND $29.08 (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) mainly invests in larger-capitalization stocks, but also looks for opportunities in small- and… Read More
JAPAN EQUITY FUND $7.39 (New York symbol JEQ; CWA Rating: Aggressive) invests mostly in large capitalization stocks on the Tokyo Stock Exchange. Lately, the fund has added to its holdings of firms selling to emerging markets, to offset exposure to the slowing U.S. economy. It… Read More
Japanese stock markets remain volatile along with global markets. As well, a slowing U.S. economy plus a continued rise in the yen in relation to the falling U.S. dollar would hurt Japan’s major export industries. However, overall, we think that Japan’s economy will keep growing… Read More
WASHINGTON MUTUAL INC. $10.95, New York symbol WM, has obtained $7 billion of new capital from a group led by TPG Capital, a private equity fund. That’s equal to 70% of Washington Mutual’s current market cap of $10 billion.
TPG will receive a combination of… Read More
IVY EUROPEAN FUND $14.39 (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 $28.85 (CWA Rating: Conservative) outperformed the Morgan Stanley benchmark international index over the last 10 years. The fund gained 4.1%, and that was better than the Morgan Stanley benchmark’s gain of 1.7%. Ivy Foreign Equity Fund lost 11.6% 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
EUROPEAN EQUITY FUND $10.71 (New York symbol EEA; CWA Fund Rating: Conservative) invests mainly in large-capitalization European stocks in the 15 countries that use the Euro currency.
These countries are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Slovenia, Cyprus, Malta and… Read More
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