Q: I have NBC760 as one of the last mutual funds I own. I noticed the benchmark tsx small cap performed tremendously well last year and this one lagged. Would you recommend switching to something like XCS? Or something else? With the huge run-up in the last year is this still a good time to buy xcs? Can u also give some background as to why the huge increase.
5i Research Answer:
XCS is about 50% exposed to materials and energy and with the big run in gold last year, XCS followed suits. Wemight be a bit reluctant for a switch like this at this stage as while we think mining and energy stocks will be fine, we would also temper expectations a bit relative to the run they have had more recently.