Comments on: Steadyhand Mutual Funds

By: Steadyhand’s Innovative Fee Structure | Canadian Capitalist

Steadyhand’s Innovative Fee Structure | Canadian Capitalist — Thu, 11 Feb 2010 17:18:55 +0000

[...] 11th, 2010 · No Comments For a mutual fund company, Steadyhand takes an unconventional approach by offering low-cost funds, co-investing along with clients, hiring portfolio managers who make [...]

By: sheilagh

sheilagh — Tue, 26 May 2009 04:59:04 +0000

have you guys heard of a fund company called capital group? they run american funds in the US, and charles ellis wrote a very flattering book on them. i looked up their website and virtually all of their funds beat the index – how does that happen? I heard they are available in Canada under the brand “Capital International” and their fees seem to be much lower than most brand name funds…..

any thoughts?

By: Friday Links | The Canadian Finance Blog

Friday Links | The Canadian Finance Blog — Fri, 22 May 2009 11:06:34 +0000

[...] Canadian Capitalist looks into Steadyhand mutual funds. [...]

By: Canadian Personal Finance Blog » Blog Archive » Random Thoughts Zero Inflation Week

Fri, 22 May 2009 10:24:38 +0000

[...] Capitalist does a review of Steadyhand Mutual Funds, sounds ok if that is how you want to [...]

By: A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com

A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com — Fri, 22 May 2009 01:00:57 +0000

[...] Capitalist looks at Steadyhand Mutual Funds (run by former PH&N top dog Tom Bradley). I’ve walked past their offices in Vancouver [...]

By: Canadian Capitalist

Canadian Capitalist — Thu, 21 May 2009 20:57:05 +0000

Ananke: I plan on writing about BRK and FFH. Thanks for the idea!

By: Ananke

Ananke — Wed, 20 May 2009 21:44:15 +0000

My “actively managed” fund is Fairfax Financial and Berkshire

By: Thicken My Wallet

Thicken My Wallet — Tue, 19 May 2009 14:07:21 +0000

The PH&N series of mutual funds have relatively low MER and perform well compared to their peers. Tom Bradley was the CEO of PH&N until 2005 so his fingerprints are all over both companies.

Now to see if RBC ruins it…

By: Phil S

Phil S — Tue, 19 May 2009 13:52:50 +0000

I forgot to mention that I hold the same opinion for fixed income as I do for large caps… Why hold them in a fund and pay any MER at all? It doesn’t take a rocket scientist to buy a GIC or T-Bill. It does take a little more consideration when looking at long bonds, but it’s still not like brain surgery. Besides, in a rising interest rate environment, holding individual securities is less risky because you’re likely to get all of your principal amount back upon maturity, whereas that’s not likely in a marked to market bond fund as they don’t mature.

By: Phil S

Phil S — Tue, 19 May 2009 13:46:03 +0000

In my own personal opinion, I think the “index” will be range bound for the remaining duration of the economic downturn. So, in concept, I prefer the idea of stock picking in this market to separate the wheat from the chaff.

Most Canadian equity mutual funds hold the same old stuff as their top holdings, which is usually some combination of the Big 5 Banks, the Big 3 Insurance or other Financial Services, the Biggest of the Oil & Gas or pipeline companies, maybe one of the biggest REITs. For those companies, my preference is to buy them individually – why pay any MER at all? It doesn’t take a rocket scientist to buy & hold RBC, Sun Life, TransCanada Pipeline, or RioCan shares, for example – they are very liquid and you only pay a one-time transaction fee.

Once an investor has a “core portfolio” of the big name stocks like the aforementioned – then it might make sense for them to use an actively managed mutual fund for the remaining “growth” profile of their portfolio if they would prefer to hand that stock picking duty to an investment manager. Of course for ME personally, I prefer to pick my own high-risk / high growth potential stocks because for me, that’s the FUN part of my portfolio! But for someone else who isn’t interested in watching earnings and looking at market trends and such, maybe the Steadyhand funds would be appropriate.