Your Personal RRSP Plan has a wide variety of investment options. These include over 2,000 different Mutual Funds (virtually all with NO front or rear-end load), GICs, Canada Savings Bonds, Stocks, Bonds and much more.
With so many choices we want to make it easy. Your Investment Advisors have prepared a list of recommended funds for the individual investor. Simply select your funds from the recommended list below, or from the complete Investment Options List, then enter them on your application form. Here's how we recommend funds...
Please note, this is just a guideline — your personal investment needs will vary. If you are not sure about which investment is right for you, just call us at 1-800-387-9273 or email us at carl_spiess@scotiamcleod.com.
Life cycle funds | Equity funds | Balanced funds | Bond funds | Money market/t-bill funds | Global funds | Dividend funds
Our top recommendation this year for most payroll and pre-authorized contribution plans are Life Cycle/Target Date funds. These have replaced balanced funds as our best professionally managed "one decision option". These funds automatically rebalance over time, and then become more conservative as you approach retirement. See our special report on these funds at www.managedmoneyreporter.ca/lifecycle/. Our favourites are the Fidelity Clearpath Funds.
Mutual Fund | PAC | 1 | 2 | 3 | 5 | 10 | Risk * |
| Fidelity ClearPath Income Port Series B | FID777 | 5.94 | 2.42 | 2.15 | na | na | 5.73 |
| Fidelity ClearPath 2005 Port Series B | FID705 | 6.09 | 2.21 | 1.81 | na | na | 6.14 |
| Fidelity ClearPath 2010 Port Series B | FID710 | 6.29 | 0.96 | 0.76 | na | na | 7.76 |
| Fidelity ClearPath 2015 Port Series B | FID715 | 7.20 | 1.06 | 0.74 | na | na | 8.67 |
| Fidelity ClearPath 2020 Port Series B | FID702 | 8.14 | -0.44 | -0.46 | na | na | 11.18 |
| Fidelity ClearPath 2025 Port Series B | FID725 | 8.36 | -0.81 | -0.83 | na | na | 11.97 |
| Fidelity ClearPath 2030 Port Series B | FID730 | 8.81 | -2.34 | -2.07 | na | na | 14.02 |
| Fidelity ClearPath 2035 Port Series B | FID735 | 8.96 | -2.70 | -2.41 | na | na | 14.77 |
| Fidelity ClearPath 2040 Port Series B | FID740 | 9.11 | -3.08 | -2.73 | na | na | 15.35 |
| Fidelity ClearPath 2045 Port Series B | FID745 | 9.15 | -3.14 | -2.76 | na | na | 15.52 |
We recommend equities (stock) due to their high historical growth for a long-term, somewhat aggressive position. A wide variety of equity funds are available. These are some of our recommendations:
Mutual Fund | PAC | 1 | 2 | 3 | 5 | 10 | Risk * |
| AGF Canadian Stock | AGF781 | 3.34 | -6.56 | -6.93 | 1.72 | 2.85 | 16.92 |
| CI Canadian Investment | CIG7420 | 6.88 | -2.54 | -3.42 | 2.63 | 7.69 | 17.68 |
| Northwest Canadian Equity | NWT108 | 16.79 | 0.09 | -7.40 | 0.59 | 4.65 | 18.08 |
| IA Clarington Canadian Small Cap A | CCM520 | 23.14 | -0.97 | -4.72 | 3.08 | 12.46 | 19.08 |
| Bissett Canadian Equity Class A | TML202 | 14.87 | 1.52 | -2.97 | 2.13 | na | 19.93 |
| Scotia Canadian Index | BNS381 | 10.75 | -4.57 | -3.14 | 4.43 | 3.07 | 20.24 |
| Fidelity Canadian Opportunities Sr B | FID215 | 27.63 | 6.53 | 3.26 | 7.39 | 8.19 | 22.15 |
| Acuity All Cap 30 Canadian Equity | CEM443 | 14.98 | -9.71 | -13.18 | 1.53 | na | 30.84 |
Trimark Canadian Endeavour has been placed on a performance watch.
People selecting from this group generally want to hold more conservative RRSP investments. Balanced funds generally have lower risk than equity funds, because they hold a blend of stocks and bonds. Ideal for an all-in-one investment or to balance existing portfolios:
Mutual Fund | PAC | 1 | 2 | 3 | 5 | 10 | Risk * |
| AIM Canadian Balanced | AIM597 | 5.80 | -0.94 | -2.41 | 2.28 | 2.88 | 8.60 |
| Manulife Monthly High Income | EPL583 | 9.72 | 0.99 | -0.45 | 2.53 | 10.24 | 10.35 |
| Scotia Canadian Balanced | BNS378 | 6.97 | -2.97 | -2.31 | 1.27 | 1.78 | 11.20 |
| Dynamic Focus+ Balanced | DYN202 | 8.23 | -0.65 | 1.13 | 2.77 | 6.96 | 12.21 |
| Fidelity Canadian Asset Alloc Sr B | FID281 | 4.78 | -0.49 | 0.28 | 4.44 | 4.73 | 13.54 |
| CI Harbour Growth & Income | CIG691 | 3.60 | -2.38 | -1.39 | 3.30 | 6.28 | 13.55 |
| Acuity High Income | CEM633 | 7.26 | -2.02 | -2.82 | 0.82 | 8.72 | 13.82 |
| Dynamic Power Balanced | DYN001 | 11.27 | -0.09 | 2.18 | 6.68 | 7.40 | 16.51 |
Trimark Select Balanced has been placed on a performance watch.
As you approach retirement, bond funds can provide the stable income required. However, yields have been so low lately that bonds & GICs might be a better option for any lump sum purchase:
Mutual Fund | PAC | 1 | 2 | 3 | 5 | 10 | Risk * |
| Fidelity Canadian Short-Term Bond Sr B | FID285 | 3.99 | 4.79 | 4.90 | 3.64 | 4.44 | 2.17 |
| Mac Sentinel Bond | MFC432 | 7.72 | 6.08 | 6.08 | 4.13 | 4.91 | 3.29 |
| Scotia Canadian Income | BNS377 | 7.78 | 5.27 | 5.41 | 3.63 | 5.46 | 4.17 |
| Bissett Bond Class A | TML200 | 6.90 | 5.22 | 5.32 | 3.38 | na | 4.43 |
Ideal for clients who are considering using their RRSP for a first-time homebuyers withdrawal within the next few years or as a short-term position. The following are historical yields. For current yields, see the Scotia Mutual Funds price page:
Mutual Fund | PAC | 1 | 2 | 3 | 5 | 10 | Risk * |
| Scotia T-Bill | BNS358 | 0.05 | 0.31 | 1.06 | 1.69 | 1.90 | 0.34 |
| Scotia Money Market | BNS357 | 0.10 | 0.66 | 1.54 | 2.03 | 2.17 | 0.42 |
Remember, Canadian markets make up only 3% of world equities. Ensure you have exposure to the other 97%. Our favourites include:
Mutual Fund | PAC | 1 | 2 | 3 | 5 | 10 | Risk * |
| Trimark Global Balanced | AIM1773 | 5.95 | -5.46 | -7.52 | -1.95 | 3.51 | 11.81 |
| Capital Intl-Global Equity Cl A | CIF843 | 6.64 | -4.16 | -8.10 | -0.53 | na | 15.11 |
| Templeton Growth | TML700 | 1.28 | -8.53 | -11.32 | -3.85 | -1.46 | 15.91 |
| Fidelity NorthStar Sr B | FID253 | 8.36 | -4.72 | -7.38 | -1.58 | na | 16.51 |
| Mac Cundill Value Series C | MFC736 | 6.09 | -3.44 | -6.93 | -0.72 | 4.58 | 16.52 |
| Templeton International Stock | TML735 | 1.38 | -8.08 | -11.72 | -1.49 | -2.13 | 18.76 |
| AGF International Stock Class | AGF255 | -4.89 | -10.66 | -14.85 | -2.71 | -0.86 | 21.67 |
| Templeton Global Smaller Companies | TML707 | 18.01 | 4.03 | -7.08 | 0.51 | 5.21 | 23.80 |
We recommend the following funds as well as the above global funds for non-registered accounts:
Mutual Fund | PAC | 1 | 2 | 3 | 5 | 10 | Risk * |
| Dynamic Dividend | DYN048 | 12.19 | -1.72 | -3.74 | 2.27 | 7.37 | 13.35 |
| Scotia Canadian Dividend | BNS385 | 8.49 | -3.19 | -2.75 | 3.14 | 7.49 | 16.65 |
| Mac Maxxum Dividend | MFC1531 | 4.65 | -2.55 | -5.86 | -0.49 | 4.75 | 17.57 |
For Periods Ending: 7/31/2010
Click on a fund name for more information on that fund.
* Risk is the volatility of returns, see risk calculations.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rate(s) of return is (are) the historical annual compounded total return(s) including changes in (share or unit) value and reinvestment of all (dividends or distributions) and does (do) not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. See more disclaimers ...
T. 416.863.RRSP (7777)
1.800.387.9273
F. 416.863.7479
E. carl_spiess@scotiamcleod.com
allan_mcglade@scotiamcleod.com
ScotiaMcLeod is a division of Scotia Capital Inc., member of CIPF.
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