Canada
US
You are now leaving our website and entering a third-party website over which we have no control.
Invest with GICs and Mutual Funds
-
Mutual Funds
-
GICs
Quick facts about mutual funds
-
A mutual fund is a portfolio that may contain bonds, stocks or other investable assets like money market products that are selected and managed by a professional fund manager.
-
It pools your money with other investors and provides access to investments that you may not normally have access to as an individual investor.
-
Mutual fund returns may consist of dividends and interest, or capital gains from the fund's sale of securities.
-
With so many different mutual funds available, there may be one or more that fits your investment goals.
-
Typically, the money you have invested in mutual funds is not locked in. You may request to redeem your holdings.
-
Having a professional fund manager manage investments is a big advantage, but there are costs associated with that. Fees are charged directly to the fund as a percentage of the fund's assets
What are GICs?
- GICs offer secure investments.
- Cashable and non-cashable GICs can be locked in for longer terms, up to 5 years.
- GICs can be locked in for longer terms, up to 5 years.
- They are a safe way to save money because your initial investment (principal) is protected.
- Depending on the type of GIC you choose, you may earn a guaranteed rate of return for the term of your investment.
Legal
1 Laddering strategies can be ideal for shorter time horizons too. The key is to spread out your investments and maximize your return over your preferred time horizon.