Q: Hi, your opinion for RBF- 620 series F of RBC
thanks.
Jean Guy
thanks.
Jean Guy
5i Research Answer:
As a tech fund it has done well, with an 11.0% since-inception return. But, when adjusted for currency, a simple tech ETF such as QQQ has done better. MER is 0.99%, which of course is a drag on performance. To be fair, it does have some non-tech exposure (about 27%) and some non-US exposure (11%) so this has been a drag on relative performance. As far as mutual funds go, we would not consider it a bad fund. There is nothing special about its holdings, with a 12% position in MSFT currently, for example.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in MSFT.