Asset allocators differ on money-making moves for '99

Article Abstract:

Canada's asset allocation funds are expecting another turbulent year in 1999. The managers believe that coporate profits are slowing down yet market valuations of stock are still high. Asset allocation maintain a balance of stocks, bonds and cash in their portfolio, and are quick to shift the balance depending on a range of economic indicators such as interest rates, anticipated investment returns and US monetary policy. Among the biggest allocation funds are Fidelity Canadian Asset Allocation, Investor Asset Allocation, Dynamic Partners and AGF Canadian Tactical Asset Allocation.

Market information - general

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Aggressive mix pays off for not-quite-balanced fund

Article Abstract:

The C$315.8-million Industrial Pension Fund posted a return of nearly 1% for the year ended Dec 31, 1998, lower than the balanced fund average of 3.08%. However, the fund has a better track record than average funds. Industrial Pension posted annual returns of 20.7% and 27.6%, in 1997 and 1996, respectively. For the three years ended Dec 31, 1998, the fund posted a compound average annual return of 15.9%, compared to the average balanced fund's 10.5%.

Sales, profits & dividends, Industrial Pension Fund

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Best advice is to hold steady in wake of Sept. 11

Article Abstract:

The September 11th terrorist attacks have shaken the financial markets, but mutual fund investors need to stand their ground and focus on the long term. Corporate valuations remain historically strong on Standard and Poor's 500 Index.

Economic aspects, Forecasts and trends, Financial markets, Mutual fund industry, World Trade Center and Pentagon Attacks, 2001

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