Preferred dividend funds

Money Digest, Jan, 1998

As with common stocks if you are a small investor, or if you do not have the time or patience to analyse preferred stocks, you may want to make use of mutual funds that invest in preferred shares. There are about 40 such funds in Canada. The chart below shows the top performing funds.

                         Preferred Dividend Funds
                         that yield more than 35%
                          as at November 30, 1997

PH&N Dividend Income     35.9
Standard Life Cdn. Div.  31.1
National Trust Dividend  29.0
Royal Dividend Fund      27.5
First Cdn. Div. Income   26.2