Hi Pat. I bought some mutual funds a few years ago that I would like to consolidate. I would really appreciate your view: Mawer New Canada Fund, Saxon Stock Fund, Saxon Balanced Fund and Saxon Small Cap Fund. Thanks!
The Mawer New Canada Fund holds high-quality, smaller-capitalization stocks, well-balanced across the five main economic sectors. Mawer New Canada Fund is okay to hold.
Saxon Stock Fund holds a number of high-quality, large-capitalization stocks. However, it also holds a few speculative stocks we don’t recommend. The fund is okay to hold, but we don’t recommend it for new buying.
We generally don’t recommend balanced funds, including Saxon Balanced Fund. That’s because bonds are unlikely to perform as well in the next few years as they have in the last few, if only because interest rates probably won’t fall further. In fact, they will likely hold steady or rise. That means the fund would only earn interest income on its bonds; instead of capital gains, its bond holdings could produce capital losses.
Saxon Small Cap Fund is okay to hold.
hold.
…
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