Bond and mortgage funds
Money Digest, Jan, 1998
Since most bonds cost around $1,000, a small investor may not be able to diversify properly by investing in bonds directly. Many investors may not want to be bothered with selecting suitable bonds for their portfolios.
Bond funds overcome these potential problems by pooling the money received from many investors and investing in a portfolio of bonds, mortgages, or both. Interest rates influence bond funds in the same way that interest rates influence bonds.
There are more than 225 bond funds and mortgage funds in Canada. As shown in the table below, seven of these funds have yielded over 11% for the year ending November 30, 1997.
Bond and Mortgage Funds
that yield more than 11% as
at November 30, 1997
Altamira 16.8%
Fidelity Emerg Mkt. Bond 16.4
GT Global Growth & Inc. 14.2
Altamira High Yield Bond 13.7
Guardian Foreign Income 12.0
Maxxum Income 11.2
Guardian For. Income CI B 11.1
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