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 Inc333.11 USD-0.21
Align Technology Inc601.11 USD1.44
Canopy Growth Corp34.73 CAD-4.30
Cronos Group Inc10.26 CAD-7.65
Five Below Inc196.09 USD-3.34
GrubHub Inc66.91 USD2.11
Netflix Inc552.78 USD-0.46
NexGen Energy Ltd4.78 CAD-3.82
Palo Alto Networks Inc355.36 USD1.67
Tilray Inc17.19 USD-13.01

About Author

Ruth Saldanha

Ruth Saldanha  is Senior Editor at Morningstar.ca. Follow her on Twitter @KarishmaRuth.

 
 
 

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