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Topic: How To Invest

Universal Future Fund $18.38

UNIVERSAL FUTURE FUND $18.38 (CWA Rating: Aggressive) has about half of its holdings invested in technology or information-related firms. However, it cuts risk by picking large-capitalization, well-established companies in those fields. As well, the rest of Universal Future Fund’s portfolio is invested in high-quality, conservative stocks.

The top holdings of this $567 million fund are Research in Motion, Texas Instruments, Rogers Commmunications, Cognos Inc., Sun Life Financial, SAP AG, Shoppers Drug Mart, Workbrain Corp., eBay and Celestica Inc.

Universal Future Fund’s one-year gain is 5.6%. The Nasdaq composite index (in Canadian dollars) lost 1.8% over the same period. The fund has an MER of 2.47%.

This fund’s holdings in high growth sectors such as technology, telecommunications and healthcare adds to its risk. But prices of many technology stocks have dropped lately, and now is a reasonable time to invest in top-quality issues. They offer attractive long-term growth prospects.

Universal Future Fund is still a buy.

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