Top Canadian Funds with the Highest Visits in the Month

Top Canadian Funds with the Highest Visits in the Month

In September, the most-viewed funds among investors visiting Morningstar.ca were Fidelity Global Innovators Class and RBC Global Precious Metals Fund. 

Here we highlight these names, other popular funds, Morningstar’s ratings for those funds and their recent performance. These were the most visited open-ended and exchange-traded funds on our Canadian website during the month. 

The best performer among these funds was the C$14.3 billion Fidelity Global Innovators Class which gained 3.35% for the month. The worst performer, the C$1.5 billion Canoe Defensive International Equity Fund, increased 0.65%.Over the past year, the Fidelity International fund grew 61.15% while the Canoe Financial strategy climbed 24.60%. 

These were readers’ most-viewed funds in September. 

Fidelity Global Innovators Class  
RBC Global Precious Metals Fund  
Canoe Global Equity Fund  
Edgepoint Canadian Growth & Income Portfolio  
Fidelity Insights Class  
Fidelity Canadian Growth Company Fund  
Canoe Defensive International Equity Fund  
Fidelity ClearPath 2035 Portfolio  
Fidelity American Disciplined Equity Fund  
Beutel Goodman Fundamental Canadian Equity Fund  

The Most Viewed Canadian Funds in September 

Fidelity Global Innovators Class 

Morningstar Medalist Rating for Fidelity Global Innovators Cl F: Silver 
Morningstar Category: Global Equity 

In September, the Fidelity Global Innovators Class rose 3.35%, while the average global equity fund gained 2.00%. The fund placed in the 8th percentile for performance and beat its benchmark, the NASDAQ Composite Index, by 0.35 percentage points. 

The C$14.3 billion fund has climbed 39.47% in the year to date, outperforming the average fund in its category, which rose 17.68%. The Fidelity International fund, which launched in November 2017, has climbed 14.15% over the past three years and grown 26.57% over the past five years on an annualized basis. 

RBC Global Precious Metals Fund 

Morningstar Medalist Rating for RBC Global Precious Metals Fund F: Gold 
Morningstar Category: Precious Metals Equity 

The RBC Global Precious Metals Fund gained 3.24% in September, underperforming the average fund in the precious metals equity category, which rose 3.81%. The fund placed in the 63rd percentile for performance and beat its benchmark, the S&P/TSX Global Gold Index, by 1.52 percentage points. 

The C$727.8 million fund has gained 33.62% in the year to date, while the average fund in its category is up 32.12%. The RBC fund, which launched in August 2001, has climbed 9.29% over the past three years and gained 11.39% over the past five years on average. 

Canoe Global Equity Fund 

Morningstar Medalist Rating for Canoe Global Equity F: Silver 
Morningstar Category: Global Equity 

The C$1.6 billion Canoe Global Equity Fund rose 1.56% in September. The gain on the fund was shy of the 2.00% gain on the average fund in the global equity category, leaving it in the 66th percentile for performance. In the year to date, the Canoe Financial fund rose 17.19%, while the average fund in its category rose 17.68%. The fund, which launched in October 2011, has climbed 9.17% over the past three years and gained 11.82% over the past five years on an annualized basis. 

Edgepoint Canadian Growth & Income Portfolio 

Morningstar Medalist Rating for EdgePoint Cdn Growth & Income Port Sr A: Bronze 
Morningstar Category: Canadian Equity Balanced 

In September, the Edgepoint Canadian Growth & Income Portfolio rose 1.92%, while the average Canadian equity balanced fund gained 2.32%. The fund placed in the 76th percentile for performance. The C$3 billion fund has climbed 13.05% in the year to date, performing roughly in line with the average fund in its category, which rose 12.54%. The EdgePoint fund, which launched in November 2008, has climbed 11.02% over the past three years and gained 11.15% over the past five years on an annualized basis. 

Fidelity Insights Class 

Morningstar Medalist Rating for Fidelity Insights Class A: Bronze 
Morningstar Category: US Equity 

The Fidelity Insights Class gained 1.82% in September, underperforming the average fund in the US equity category, which rose 1.94%. The fund placed in the 59th percentile for performance and lagged its benchmark, the S&P 500 Index, by 0.56 percentage points. 

The C$9.4 billion fund has gained 31.00% in the year to date, while the average fund in its category is up 20.55%. The Fidelity International fund, which launched in January 2017, has climbed 12.33% over the past three years and gained 16.37% over the past five years on average. 

Fidelity Canadian Growth Company Fund 

Morningstar Medalist Rating for Fidelity Canadian Growth Company Sr F: Bronze 
Morningstar Category: Canadian Focused Equity 

In September, the Fidelity Canadian Growth Company Fund rose 2.21%, while the average Canadian focused equity fund gained 2.44%. The fund placed in the 68th percentile for performance. The C$11.3 billion fund has climbed 25.35% in the year to date, outperforming the average fund in its category, which rose 16.26%. The Fidelity International fund, which launched in October 2000, has climbed 12.11% over the past three years and gained 17.32% over the past five years on an annualized basis. 

Canoe Defensive International Equity Fund 

Morningstar Medalist Rating for Canoe Defensive International Eq F: Silver 
Morningstar Category: International Equity 

In September, the Canoe Defensive International Equity Fund rose 0.65%, while the average international equity fund gained 1.08%. The fund placed in the 67th percentile for performance and lagged its benchmark, the MSCI EAFE Index, by 0.52 percentage points. 

The C$1.5 billion fund has climbed 13.79% in the year to date, performing roughly in line with the average fund in its category, which rose 13.76%. The Canoe Financial fund, which launched in January 2017, has climbed 7.00% over the past three years and grown 10.10% over the past five years on an annualized basis. 

Fidelity ClearPath 2035 Portfolio 

Morningstar Medalist Rating for Fidelity ClearPath 2035 Port Series B: None 
Morningstar Category: 2035 Target Date Portfolio 

The C$2.4 billion Fidelity ClearPath 2035 Portfolio rose 2.28% in September. The gain on the fund beat the 2.12% gain on the average fund in the 2035 target date portfolio category, leaving it in the 18th percentile for performance. In the year to date, the Fidelity International fund rose 13.57%, while the average fund in its category rose 11.81%. The fund, which launched in November 2005, has climbed 4.29% over the past three years and gained 7.21% over the past five years on an annualized basis. 

Fidelity American Disciplined Equity Fund 

Morningstar Medalist Rating for Fidelity American Disciplined Eq Sr A: Neutral 
Morningstar Category: US Equity 

The Fidelity American Disciplined Equity Fund gained 2.32% in September, outperforming the average fund in the US equity category, which rose 1.94%. The fund placed in the 29th percentile for performance and performed roughly in line with its benchmark, the S&P 500 Index. 

The C$1.5 billion fund has gained 25.89% in the year to date, while the average fund in its category is up 20.55%. The Fidelity International fund, which launched in July 2002, has climbed 13.34% over the past three years and gained 15.33% over the past five years on average. 

Beutel Goodman Fundamental Canadian Equity Fund 

Morningstar Medalist Rating for Beutel Goodman Fundamental Cdn Eq Cl F: Bronze 
Morningstar Category: Canadian Equity 

The C$2.1 billion Beutel Goodman Fundamental Canadian Equity Fund rose 2.24% in September. The gain on the fund was shy of the 2.84% gain on the average fund in the Canadian equity category, leaving it in the 83rd percentile for performance. The fund lagged its benchmark, the S&P/TSX Composite Index, by 0.91 percentage points. 

In the year to date, the Beutel Goodman fund rose 10.32%, while the average fund in its category rose 15.92%. The fund, which launched in June 2014, has climbed 7.56% over the past three years and increased 8.29% over the past five years on an annualized basis. 

This article was generated with the help of automation and reviewed by Morningstar editors.

Source link

Share this article
Shareable URL
Prev Post

Gold price hits all-time high due to US election uncertainty and monetary easing efforts

Next Post

US Department of Energy awards initial contracts to four companies for Haleu production

Leave a Reply

Your email address will not be published. Required fields are marked *

Read next
Subscribe to our newsletter
Stay informed on the latest market trends