How will the U.S. dollar's depreciation affect my mutual funds?

Jamie Golombek, vice-president of taxation and estate planning at AIM Trimark Investments, has the answer.

Jamie Golombek 9 June, 2003 | 1:00PM
Dear Expert:

How has the Canadian dollar's increase in value against the U.S. dollar affected mutual funds that have U.S. equity holdings? Also, what is the effect of this on some of the U.S.-dollar-denominated versions of underlying funds that are denominated in Canadian dollars? My understanding is that these funds are priced in Canadian dollars, and all they do is a simple net-asset-value conversion from Canadian to U.S. dollars.

Expert Answer:

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Jamie Golombek

Jamie Golombek  

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