MoneySense: Best Mutual Funds 2016
MoneySense has just published it’s Honour Roll of the best mutual funds, “based on performance, cost and safety.” The Pender Small Cap Opportunities Fund is ranked top in the Canadian Small Cap Funds category.
“The Canadian small cap category, characterized by heavy concentration on energy and natural resources, has been among the worst affected over the past year. Only a small group of funds have been able to avoid the carnage with limited losses, and they were the funds that carried the highest exposure to sectors like technology and telecommunications. Such is the case with Pender Small Cap Opportunities, which against all odds managed to end the year with significant gains (unfortunately, the fund is closed to new investments).” Suzane Abboud