The investment fund that is right for you depends on your specific circumstances.
There are about 3,300 mutual funds and over 400 ETFs in Canada and no one can thoroughly compare all of them.
If you are working with a financial advisor, they can suggest some options that are suitable for your goals, your willingness and ability to take on risk, and your time horizon.
Be sure you are familiar with the investment before you buy it. The Canadian Securities Administrators have prepared a list of questions that you can ask a financial advisor before you buy.
An essential document to review when purchasing a mutual fund is Fund Facts. The Canadian Securities Administrators designed Fund Facts to make it easier for investors to have easier access to basic key information about individual mutual funds. Each Fund Facts is in plain language, no more than two pages double-sided and highlights key information for investors, including past performance, risks, and the costs of investing in the mutual fund. Fund Facts for each mutual fund is available on the fund’s or fund manager’s website.
Companies are required to deliver Fund Facts to an investor before a purchase. Your financial advisor can help you understand any unfamiliar terms you might come across in Fund Facts.
A similar document – ETF Facts is available for exchange traded funds (ETF). Dealers must provide a copy of ETF Facts to the purchaser within two days of the purchase.
We encourage you to visit our members’ websites to view the Fund Facts of any funds you may be considering.