Thomson Reuters gave out the Lipper Awards this week for the best performing mutual funds and ETFs in Canada. A total of 75 funds from 27 fund companies were honoured, but Fidelity took home the top prize for Best Overall Funds Group.
That’s the “news” story, but dig a little deeper and advisors will see that four funds honoured Wednesday night achieved something none of the others could – they managed to be the best performer in their fund category for 3 years, 5 years and
Which were the four funds? Well, there were two equity funds, one fixed income fund and one balanced fund. Put those four together and you may have the makings of a pretty solid client portfolio.
To qualify a fund had to win in all three periods (3, 5 and 10). Two out of three isn’t bad but the trifecta criteria demonstrates staying power combined with consistent performance; and while past performance doesn’t guarantee future results, it certainly can’t hurt.
So, here then are the four funds to make the cut:
Fund # 1: Canadian Equity – Mawer Canadian Equity Series A
Fund # 2: Sector Equity – TD Health Sciences Investor Series
Fund # 3: Canadian Short Term Fixed Income – Fairlane A Plus Bond Fund
Fund # 4: Global Neutral Balanced – Mawer Balanced Fund Series A
That’s pretty lonely company. Kudos to all four and especially to Mawer who’ve got two funds on this very special list.
How much would a client have today if their advisor put $10,000 into each 10 years ago? Next week we’ll let you know.