Operating the same way American mutual funds do, Canadian mutual funds pool investors money with that of other investors under the guidance of the fund's manager. A Canadian mutual fund may invest primarily in stocks, bond, cash, or other kinds of securities. Canadian mutual funds are in general more expensive than American funds, and there aren't as many different classes to choose from.
If you decide to research Canadian mutual funds, do the same amount of homework you would do for any other mutual fund company. Use the Morningstar to find in-depth information about Canadian mutual funds and offers ways for you to compare them. Canadian mutual fund companies must create an annual prospectus for mutual funds the same way American firms do. You can call or request a prospectus online.
Canadian mutual funds can be purchased through financial advisory service providers and brokers in Canada, or online. Be prepared to pay higher fees for some Canadian mutual funds.
Marketwatch explains that there are few exclusively Canadian mutual funds, but the few that do exist have traditionally done very well. Expanding your portfolio beyond the country’s borders may prove to be fruitful.
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