George$ wrote:My advice - "Don't do anything until you have a better grasp of the fundamentals"
squash500 wrote:One Dynamic fund that always seems too be a top performer is the Dynamic Power Canadian Growth Fund. Even with its 3.56% mer it is still up 8.50% ytd as of June 5/08. The fund manager Rohit Sehgal has 63% of the fund in energy and materials. Only 62% of the fund is in canadian stocks. Thus, the name of the fund is a bit deceiving. He invest 10% of the portfolio in stocks from India. If the fund didn't have such a high mer it would be a real winner.
Happy Days wrote:Dynamic funds crash and burn at the end of every bubble.
DanH wrote:$1,000 invested in the S&P 500 Total Return in Canadian dollars on July 31, 1998 would have been worth $967 by the end of April 2008.
That same $1,000 would have almost doubled (to $1,911) if it had been invested in the Dynamic Power American Growth fund using the same time period. The fund suffered steeper losses from Mar 2000 through Mar 2003 but its highs have been much higher and investors have fared well.
Happy Days wrote:Dynamic's growth is built on junior stock speculation, littered throughout its funds no matter what mandate. After the last crash they merged all their poor performers out of existence.
DanH wrote:one of them in the crappy U.S. market and it still did well without hedging.
Happy Days wrote:DanH wrote:one of them in the crappy U.S. market and it still did well without hedging.
It did ok because it was loaded with aggressive equity in the resource and other speculative industries...
Happy Days wrote:...like biotech, many stocks in Canada$ when its mandate is foreign.
Happy Days wrote:When you buy anything Dynamic you're buying a resource fund where the industry is notoriously boom and bust. Its the same story with Dynamic in every resource cycle, they outperform miraculously then fall to earth.
Dan, the only Canadian stock of significance that Blackstein holds in his Dynamic Power American Growth is RIM with a 9.83% weighting as of March 31/2008. That is the most current data that I have been able to find.dan wrote: I'm dying to know which Canadian stocks Noah Blackstein suffed into his Power American Growth fund to post such strong outperformance.
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