Top performing mutual funds in the third quarter

Marijuana, U.S. equities and a surprising natural resources fund are among the top-5 performers last quarter.

Ruth Saldanha 11 October, 2018 | 5:00PM

In the third quarter of 2018, the Canadian S&P/TSX Composite index fell 0.57%. Healthcare stocks were among the highest gainers, on the back of marijuana, while the materials, consumer discretionary and energy sectors were a drag.

The U.S. market, meanwhile, rallied in the quarter, with the S&P 500 Index (C$) up 5.8% for the same period, gaining on the back of sectors like technology and healthcare. And so, expectedly, several of the top-performing mutual funds in Canada for the third quarter were U.S. equity focused.

We took a look at some of the top performers in the past quarter and analyzed what worked for them. It is important to note that short-term gains should not be the benchmark for long-term investments. We usually recommend that investors look to invest for the long term, with horizons of at least 10-years or more, as there is high risk and volatility in the short-term.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Abiomed Inc165.29 USD-0.87
Align Technology Inc240.11 USD-7.74
Canopy Growth Corp26.98 CAD-6.68
Cronos Group Inc8.49 CAD-10.06
Five Below Inc110.01 USD-4.88
GrubHub Inc54.57 USD-2.45
Netflix Inc368.70 USD-2.99
NexGen Energy Ltd1.41 CAD-4.08
Palo Alto Networks Inc237.33 USD-2.33
Tilray Inc17.29 USD-10.74

About Author

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca