Balanced Funds: a fund which has an investment policy of “balancing” its portfolio, generally by including bonds and shares in varying proportions influenced by the fund’s investment outlook.
Dividend Fund: a mutual fund that invest in common shares of senior Canadian corporations with a history of regular dividend payments at above average rates, as well as preferred shares.
Equity Funds: a fund whose portfolio consists primarily of common stock.
Growth Funds: Fund that holds growth shares of companies whose earnings are expected to increase at an above-average rate. Growth stocks are often typified by their low yields and relatively high price/earnings ratios. Their prices reflect investors' belief in their future earnings growth.
Income Funds: Mutual funds that invest primarily in fixed-income securities such as bonds, mortgages and preferred shares. Their primary objective is to produce income for investors, while preserving capital.
Money Market Fund: A type of mutual fund that invests primarily in treasury bills and other low-risk short-term investments
Mortgage Fund: A mutual fund that invest in mortgages. Portfolios of mortgage funds usually consist of first mortgages on Canadian residential property, although some funds also invest in commercial mortgages.
International Fund: A fund that invest in securities of a number of countries.
Index Funds: A mutual fund that matches its portfolio to that of a specific financial market index, with the objective of duplicating the general performance of the market in which it invests.
Real Estate Fund: This type of fund invests primarily in residential and/or commercial real estate to produce income and capital gains for its unitholders.
Specialty Fund: A mutual fund that concentrates its investments on a specific industrial or economic sector or a defined geographical area.