Investing November 14, 2002

Canadian Mutual Funds Up In October

November 14, 2002 (PLANSPONSOR.com) - US stocks helped to drive Canadian mutual funds higher in October, according to a Morningstar report of its Canadian Fund Indices.
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October saw increases in 22 of the 32 Morningstar Canadian Fund Indices.   The top performing index was the Science and Technology Fund Index gaining 13.2% in October.   Additionally, the US Equity Index was up 5.9% and the Canadian Equity Fund Index gained 1.3%.

The US Equity Index was helped by gains in Citigroup, Inc. and Microsoft Corp., up 25.0% and 22.0% respectively. The Canadian Equity Fund saw 4 out of its 10 most widely held decline, but was boosted with gains in its top holding Thomson Corp., up 10.0%

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Declines were recorded in precious metals, Japanese equities and Asia Pacific Rim equities, losing 10.0%, 8.1% and 3.2%, respectively.

Further Canadian fund analysis can be found at  www.morningstar.ca .

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