本文发表在 rolia.net 枫下论坛其实我也不太清楚Equity Fund, Equity Pooled Funds, and Balanced Pooled Fund的区别, 不同的金融产品呗, 看一下不同银行的prospectus, 或mutual fund的介绍, 应该是投资组合和风险不同.
简单查了一下:
Equity Fund
A stock fund or equity fund is a fund that invests in Equities more commonly known as stocks. Such funds are typically held either in stock or cash, as opposed to Bonds, notes, or other securities. This may be a mutual fund or exchange-traded fund. The objective of an equity fund is long-term growth through capital appreciation, although dividends and interest are also sources of revenue. Specific equity funds may focus on a certain sector of the market or may be geared toward a certain level of risk.
Canadian Equity Pooled Fund
Based on median values calculated from observations of fund holdings data over a period of three years, a minimum of 50% of the total assets and 70% of non-cash assets of the portfolio must be in Canadian equities listed on a recognized exchange. In addition, based on median values calculated from observations of fund holdings data over a period of three years, at least half the industry sectors of a recognized security classification scheme should be represented, each at least 50% of the comparable industry sector weighting within the S&P/TSX Composite Index.
U.S. Equity Pooled Fund
Based on median values calculated from observations of fund holdings data over a period of three years, a minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be equities or equity equivalents of companies located in the United States or derivative-based exposure to the US market.
Balanced Pooled Fund
Balanced funds invest primarily in a mix of Canadian equities, U.S. equities, international equities, Canadian bonds, mortgages, real estate, global bonds and cash & equivalents, with a maximum of 30% placed on foreign securities. Based on median values calculated from observations of fund holdings data over a period of three years, the equity component must be no less than 30% and no more than 70% of the portfolio. Fixed income and cash together must represent no less than 30% or more than 70% of the portfolio. These funds can employ a tactical or strategic asset allocation strategy.
Pros and Cons of holding shares directly or via pooled vehicles
The major advantages of investing in pooled funds are access to professional investor skills and obtaining the diversification of the holdings within the fund. The investor also receives the services associated with the fund e.g. regular written reports and dividend payments (where applicable). The major disadvantages of investing in pooled funds are the fees payable to the managers of the fund (usually payable on entry and annually and sometimes on exit) and the diversification of the fund that may or may not be appropriate given the investors circumstances.更多精彩文章及讨论，请光临枫下论坛 rolia.net
简单查了一下:
Equity Fund
A stock fund or equity fund is a fund that invests in Equities more commonly known as stocks. Such funds are typically held either in stock or cash, as opposed to Bonds, notes, or other securities. This may be a mutual fund or exchange-traded fund. The objective of an equity fund is long-term growth through capital appreciation, although dividends and interest are also sources of revenue. Specific equity funds may focus on a certain sector of the market or may be geared toward a certain level of risk.
Canadian Equity Pooled Fund
Based on median values calculated from observations of fund holdings data over a period of three years, a minimum of 50% of the total assets and 70% of non-cash assets of the portfolio must be in Canadian equities listed on a recognized exchange. In addition, based on median values calculated from observations of fund holdings data over a period of three years, at least half the industry sectors of a recognized security classification scheme should be represented, each at least 50% of the comparable industry sector weighting within the S&P/TSX Composite Index.
U.S. Equity Pooled Fund
Based on median values calculated from observations of fund holdings data over a period of three years, a minimum of 50% of the total assets and 75% of the non-cash assets of the portfolio must be equities or equity equivalents of companies located in the United States or derivative-based exposure to the US market.
Balanced Pooled Fund
Balanced funds invest primarily in a mix of Canadian equities, U.S. equities, international equities, Canadian bonds, mortgages, real estate, global bonds and cash & equivalents, with a maximum of 30% placed on foreign securities. Based on median values calculated from observations of fund holdings data over a period of three years, the equity component must be no less than 30% and no more than 70% of the portfolio. Fixed income and cash together must represent no less than 30% or more than 70% of the portfolio. These funds can employ a tactical or strategic asset allocation strategy.
Pros and Cons of holding shares directly or via pooled vehicles
The major advantages of investing in pooled funds are access to professional investor skills and obtaining the diversification of the holdings within the fund. The investor also receives the services associated with the fund e.g. regular written reports and dividend payments (where applicable). The major disadvantages of investing in pooled funds are the fees payable to the managers of the fund (usually payable on entry and annually and sometimes on exit) and the diversification of the fund that may or may not be appropriate given the investors circumstances.更多精彩文章及讨论，请光临枫下论坛 rolia.net