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Canada’s funds among worst performers in Sept

Posted on 03 October 2008

From CBC: Even as Canadian financial institutions have been relatively sheltered from the credit meltdown in the United States, this country’s mutual funds performed more poorly than their American counterparts, according to Morningstar Canada Thursday.

Morningstar, which follows the mutual fund industry, said 41 of the 43 indices which it tracks lost money in September, and Canadian funds on those indices performed more poorly than U.S. stocks. “Our markets are a lot more focused on the two sectors — natural resources and financials,” said Al Kellett, a Morningstar analyst…… Full Article: Source


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