Best performing mutual funds over the last 10 and 20 years

#Best performing mutual funds over the last 10 and 20 years full#

If they are wrong, investors who opt to remain on the sidelines in the early months of 1998 may miss out on some screaming bargains - funds that have taken a big hit recently but could recover quickly if analysts decide that the seriousness of the Asian situation has been overblown. If those predictions are right, Canadian investors may be in for a nasty surprise this year. Some analysts go much further, suggesting that the recent flurry of currency devaluations in South Korea, Thailand and other Asian-Pacific countries will hammer companies that do business in that part of the world and force North American manufacturers to compete against a flood of cheaper imports, from cars to computer parts.

#Best performing mutual funds over the last 10 and 20 years full#

Economists are still struggling to assess the full extent of the Far East crisis, but even the optimists acknowledge that it will cut deeply into demand for Canadian forestry and mining products, rendering unlikely a speedy recovery in the share prices of some of the country's biggest companies. The bad news? As 1998 gets under way, the investment outlook is more uncertain than it has been in years - witness the 4.2-per-cent drop in the Toronto Stock Exchange 300 composite index since Jan. For holders of Canadian equity mutual funds - the basic ingredient in many investors' retirement portfolios - the reward for keeping the faith was an average 1997 return of 13.6 per cent, down sharply from 25.6 per cent in 1996, but still about three percentage points higher than the stock market's long-term historical average.

With panic sweeping through Southeast Asian financial markets and share prices zigzagging wildly on computer screens around the globe, stock market investors needed patience and steady nerves to hang in when many of the pros were advising them to sell. First, the good news: the bear didn't strike in 1997, although only the hard-of-hearing could have missed the growling and gnashing of teeth off in the distance.