The basics
If you’re wondering if mutual funds meet your financial requirements, consider the many benefits they have to offer you as an investor. Essentially a mutual fund is a collection of individual securities, such as stocks and bonds. Just think of it as a company that brings a group of people together then invests the group’s money in stocks, bonds and other securities. When you invest in mutual funds, you own a part of the holdings of the fund.
The benefits
Diversity
Diversity is a good place to start because each mutual fund is made up of a portfolio of different securities (for example, stocks and bonds). By diversifying your holdings, you’re not putting all of your money in one place – reducing overall risk.
Liquidity
Liquidity is another plus, since you can purchase most mutual funds or cash them in with limited penalty (if any) on relatively short notice.Â
Accessibility
For the average investor, creating a well-balanced portfolio of individual securities can be very expensive. Incorporating mutual funds into your portfolio opens up many opportunities since you can participate in a wide array of investments that you may not be able to as an individual.
Professional Management
Mutual funds provide full-time, high quality professional management services by pooling the resources of many hundreds of investors. Â
Taking out the guesswork
With thousands of mutual funds available, your Meridian Wealth Management Professional has access to a list of recommended funds with options to suit all of your investment needs. Each fund has been carefully reviewed and selected, and the list is evaluated regularly.
We’ve partnered with the best
Through our relationship with Credential Asset Management Inc. we can provide you access to investment products from top providers including AGF, Fidelity, Northwest & Ethical Funds, Franklin Templeton and Mackenzie. We’re ready to guide you through your entire investment lifecycle with forward-thinking solutions intended to deliver maximum returns. And unlike most financial institutions, this service is available to all Members no matter how much money you have to invest.
If you’d like to learn more, it’s time to speak to a Meridian wealth management professional.
*Credential Disclosure and Mutual Funds Disclaimer
Mutual funds are offered though Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
