Our look at different types of mutual funds continues today with specialty funds.
NSSC Blog: Before You Invest
We enter February with the next part in our series on different types of mutual funds. This week we’re looking at equity funds.
A new year means a new semester. New classes. New students. New teachers. And with that comes new opportunities.
We begin our look at different types of mutual funds with money market funds. A money market fund is a mutual fund that invests in cash, cash equivalents, and short-term debt securities that are highly liquid. Some of these securities could include government bonds, treasury bills, and certificates of deposit.
With income tax time coming up many investors may be thinking about contributing to their RRSP before the end of the annual contribution period. Many investors will do this by investing in mutual funds. If you are investing in mutual funds you should know that there are several different types of mutual funds.
Bond ratings are a guide to the creditworthiness of bonds, which in-turn helps an investor determine the amount of risk they would take on when purchasing these bonds.