then, what is low return in your mind?
The most important issue for asset allocation fund is the managment, they decided what sector to hold and which to release.
Primerica Common Sense Asset Builder II
1 month: 1.7
3 month: 4.9
6 month: 5.0
YTD: 8.0
1 year: 12.4
3 year: 6.0
5 year: 6.1
10 year: 9.4
Since inception:8.8
Source: AGF.com
This asset allocation fund is the product of Primerica, some more detail as follows:
RRSP Eligible: Yes
Minimum Lumpsum: 500
Minimum subsequence lumpsum: 50
Minimum PAC amount: 25
Capital guarantee: Yes, at 75%
Managing Company: AGF
Free Withdrawn: 10% every calender year
The group average for asset allocation is about 0.5%-1.5% lower than this fund. Even at the bad year, like the 3 year average, and 5 year average is slow. We are still manage to maintain our return above 5%.
Is 10 year average 9.4% bad? Its hard to say. Some people satisfy with GIC ( 100% captial guarantee ) at only 3%, 9.4% with 75% captial guarantee should be very attractive. Some fund has performance like 43% every year, but next year is -30%. Its depends on the client's tolerance of risks and style.
Interested to know more? Please give me a call @613-864-4421 or leave message @1-866-840-8682.
David
