Q: Your comments on this fund please.
5i Research Answer:
Even with an MER of 1.77% (high) the fund has attracted $41B in assets. We would consider it highly conservative, with 58% of assets in fixed income securities. The balance of equities has good diversification. Since-inception return is 5.9% and it is typically first or second-quartile so compares well with peers. It has lost money in some years, with a 13% decline in the financial crisis, but overall we would consider it very solid, except for the very high fee (this is reflected in performance with net numbers). All in, for a mutual fund, we would consider it good.