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Are you trying to grow your wealth and reap financial success with the best of the best? Pay close attention to the top 10 mutual fund companies in Canada that will be revealed in this article. Mutual fund companies in Canada are a great investment idea. They allow you to invest and diversify your portfolio effectively. With mutual funds, you can trust a group of specialists to manage your cash and generate returns on your behalf.
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Table of contents
- What is a mutual fund company?
- Top 10 Mutual Fund Companies in Canada
- 1. Scotia Canadian Equity Fund
- 2. Mackenzie Canadian Equity Fund
- 3. RBC Canadian Equity Income Fund
- 4. Invesco Select Balanced Fund F Series
- 5. NBI Global Equity Fund
- 6. Beutel Goodman Core Plus Bond Fund
- 7. Canoe Global Equity Fund
- 8. Fidelity Canadian Short-Term Bond Fund
- 9. Lysander-Canso Balanced Fund (LYZ800F)
- 10. PIMCO Monthly Income Fund
- What is the largest mutual fund in Canada?
- Which company is best for mutual fund investment?
- How do I find the best mutual funds?
In this article, we will introduce you to the top 10 mutual fund companies in Canada. You will get to know the leading players within the industry and learn what they provide to investors. Keep reading to find out more!
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What is a mutual fund company?
A mutual fund company is a trust that pools money from investors to allocate across diverse financial instruments. A mutual fund invests in bonds, stocks, short-term debt, securities, and more.
Mutual funds are actively managed, meaning that investments are managed by fund managers or portfolio managers. These representatives are professionals in investing and they make crucial choices about where to invest the cash in the fund. In other words, money is moved around frequently to optimize returns as opposed to investing long term. Finally, the managers seek to achieve the fund’s objectives by making smart selections about which investments to buy or sell.
Related Reading: Best RRSP Mutual Funds in Canada
Top 10 Mutual Fund Companies in Canada
Now, let us dive into the top 10 mutual fund companies in Canada and the best fund each has to offer. Below is a summary, but more details can be found below.
Mutual Fund Companies in Canada | Total Assets | MER |
Scotia Canadian Equity Fund | $341M | 1.05% |
Mackenzie Canadian Equity Fund | $519M | 0.99% |
RBC Canadian Equity Income Fund | $3.2B | 0.76% |
Invesco Select Balanced Fund F Series | $548.3M | 0.86% |
NBI Global Equity Fund | $1.9B | 1.12% |
Beutel Goodman Core Plus Bond Fund | $92M | 0.57% |
Canoe Global Equity Fund | $778M | 1.25% |
Fidelity Canadian Short-Term Bond Fund | $552M | 0.6% |
Lysander-Canso Balanced Fund F Series | $60.3M | 0.97% |
PIMCO Monthly Income Fund | $21M | 1.39% |
CIBC Investor’s Line Offer
Up to $6.95 per online stock or ETF trade. Plus, there’s no minimum account balance.
1. Scotia Canadian Equity Fund
The Scotia Canadian Equity Fund is among the top 10 mutual fund companies in Canada. The fund offers exposure to a diversified portfolio of Canadian stocks. The fund also focuses on selecting the best-quality companies with the potential for future growth. This increases the chances of investments performing well over time. Another advantage of the Scotia Canadian Equity Fund is the opportunity of earning capital gains. Investors have the chance to make higher returns as the companies in the fund become more successful and their value increases.
2. Mackenzie Canadian Equity Fund
Mackenzie Canadian Equity Fund is a mutual fund company in Canada that invests in Canadian stocks. This fund has performed better over a longer period than most other funds and thereby has a lot of cash in it. Including those who are expected to make more progress, and those who are considered good deals. You can rest assured because this fund takes on a medium level of risk.
3. RBC Canadian Equity Income Fund
If you want to earn regular income from investing in Canadian stocks, the RBC Canadian Equity Income Fund is a good choice for you. RBC has $3.2 billion in assets and an MER (Management Expense Ratio) of 0.76%. Plus, it aims to provide investors with a steady monthly income. It does this by investing in different assets that produce dividends and other returns. The fund mostly invests in shares of companies that pay dividends, real estate investment trusts, and income trusts.
4. Invesco Select Balanced Fund F Series
The Invesco Select Balanced Fund is a well-known investment company in Canada. And there are a few reasons why it’s a good pick. As captured in the name, the fund is a mix of Canadian stocks and bonds, letting investors have a balanced portfolio. The fund invests in both growth and large-value stocks. It also includes medium-quality bonds that are sensitive to changes in interest rates. Due to the level of diversification, this fund offers a low-to-medium level of risk to investors. The Invesco Select Balanced Fund also has a strong track record of performing well over a long time.
5. NBI Global Equity Fund
The NBI Money Market Fund is a type of fund that focuses on short-term investments. Investments like Treasury Bills and other similar instruments. The NBI is well-suited for individuals who prioritize stability and seek to minimize investment risk. It is designed to provide stability and reduce the volatility of a diversified portfolio. Investors can quickly and easily withdraw their money when needed. This makes it a convenient option for short-term investing goals. Moreover, with a minimum investment requirement of $1,000, the fund is accessible to a wide range of investors.
6. Beutel Goodman Core Plus Bond Fund
The Beutel Goodman Core Plus Bond Fund is another option to consider among the top 10 mutual fund companies in Canada. This fund aims to make your investment grow over a long period. It invests mainly in a mix of high-yield bonds and other fixed-income asset classes. These bonds have an average term of 6 to 15 years, so it’s ideal for a long-term investment strategy. The fund is actively managed, increasing the chances for profit.
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7. Canoe Global Equity Fund
The Canoe Global Equity Fund is a mutual fund company in Canada that offers investors a strong investment option. It has a portfolio of high-quality stocks with a low turnover rate, meaning it doesn’t frequently buy and sell stocks. The fund is managed by an experienced team that has a proven track record of delivering impressive performance. They select stocks based on their conviction, resulting in a portfolio that differs from the index. This approach has consistently generated positive returns for investors. In summary, Canoe Global is a reliable choice for those seeking core global equity with a history of producing positive results.
8. Fidelity Canadian Short-Term Bond Fund
The Fidelity Canadian Short-Term Bond Fund is a top investment company worldwide. The fund offers a reliable and safe option for investors looking to buy into Canadian fixed-income securities. The fund primarily invests in short-term Canadian bonds, helping protect investors from interest rate fluctuations. Also, maintaining a good bond quality. The Fidelity Canadian short-term bond fund is considered low-risk. Meaning it has a lower chance of experiencing significant losses. It has a strong performance history.
9. Lysander-Canso Balanced Fund (LYZ800F)
Lysander-Canso is another investment company in Canada that offers some high-quality investment funds. It’s a great choice to consider when you want a balanced investment on a global scale. The fund has shown outstanding performance over various periods and has a long history of successful results. It may not be a large mutual fund in terms of assets, but it is still well-established and not at risk of closing down. LYZ800F focuses on investing in medium-sized stocks that are undervalued. When it comes to bonds, they select medium-quality options that are less affected by changes in interest rates.
10. PIMCO Monthly Income Fund
PIMCO’s Monthly Income Fund is a highly respected mutual fund company in Canada, and it’s easy to see why. This fund has consistently delivered great results over a long period of time. It is a popular choice for investment advisors focused on fixed-income investments. The key to their success lies in investing in bonds of average quality while carefully considering changes in interest rates.
Related Reading: Top 5 TFSA Mutual Funds in Canada
What is the largest mutual fund in Canada?
The Canadian mutual fund industry is a significant sector, with a total value of $1.6 trillion in assets as of the end of 2019. This is much higher than the total assets of ETFs, which stand at $205 billion.
When it comes to the largest mutual fund company in Canada, the RBC Select Balanced Portfolio stands out. It is considered the largest and has been operating for a significant amount of time. With over $38 billion in assets under management (AUM), it manages a substantial amount of money.
Which company is best for mutual fund investment?
Choosing the best mutual fund company depends on your preferences, goals, and risk tolerance. Investors must consider various factors like fund performance, fees, and management teams. Coupled with investment strategies, and historical returns. Lastly, it is important to research and evaluate different companies to find the one that aligns with your needs and goals.
How do I find the best mutual funds?
To find the best mutual funds, consider these simple steps:
- Define your investment goals: Determine what you want to achieve with your investment. Goals like long-term growth, income, or capital preservation are worth considering.
- Assess your risk tolerance: Understand how comfortable you are with taking risks. Then select funds that match your risk profile.
- Evaluate fund performance: Consider the fund’s historical returns. Compare them to relevant benchmarks and other similar funds.
- Review fund expenses: Look for funds with low expense ratios. If ignored, high fees can significantly reduce your returns over time.
- Consider diversification: Diversification is an important risk-mitigation strategy in any form of investment. Choose funds that provide exposure to a variety of asset classes and sectors to spread your investment risk.
- Read fund prospectuses: Review the fund’s prospectus to understand its investment objectives, strategies, and any potential risks.
- Seek professional advice: Consult with a financial advisor who can provide personalized recommendations. They should consider your specific needs and circumstances.
If you’re looking to invest in mutual funds, consider these top 10 mutual fund companies in Canada. Each of these funds offers great perks that can draw you closer to your investment goals. But remember, finding the best mutual funds requires careful research. Find out which of these funds is best for you, keeping your goals and risk tolerance in mind.
Read More: 10 Best Mutual Funds Canada