Three U.S. equity funds our analysts favour

These are our top picks from the world's biggest equity market.

Craig Sebastiano 4 October, 2016 | 5:00PM
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Along with being the world's biggest economy, the United States is also the biggest equity market. Investing in the U.S. makes sense for Canadians because its economy is more diversified. The S&P 500 provides investors with much broader exposure to technology and health-care stocks, both of which are underrepresented in the S&P/TSX Composite Index.

Thanks to the high-flying health-care and technology sectors, U.S. stocks have outperformed the Canadian market over the past five- and 10-year periods. Canadian stocks have lagged as a group because of poor returns in the heavily weighted energy and materials sectors.

Although the U.S. stock market has done well, Morningstar analysts aren't thrilled by the choices available to Canadian investors in the U.S. Equity category. While no Gold or Silver medallist ratings have been awarded, the research team at Morningstar has three funds under analyst coverage that have received Bronze ratings:

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About Author

Craig Sebastiano

Craig Sebastiano  Craig Sebastiano is a freelance writer based in Toronto. He writes about topics related to personal finance, investing, retirement and real estate. He has worked at BNN, Benefits Canada and StockHouse.

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