Five U.S. equity funds likely to outperform

Of a total of 300 medalist funds, we look at three that are Gold-rated and have five stars.

Ruth Saldanha 6 November, 2018 | 6:00PM

October was a volatile month across the globe, with several indices tumbling. The U.S. markets suffered as well -- the NASDAQ Index was down around 9% in October, while the broader S&P 500 Index lost around 5.5%, when converted to Canadian dollars.

The S&P/TSX Composite Index was down close to 6% in October.

For Canadians looking to diversify their portfolio out of Canada and participate in the U.S. market, U.S. equity mutual funds are one option. There are more than 2000 U.S. equity mutual funds in Canada; of these, close to 300 are medalist -- rated Bronze, Silver or Gold via the Morningstar quantitative rating. The forward-looking rating picks funds that are likely to outperform in the future, based on various metrics including price, portfolio and performance.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Adobe Inc386.60 USD1.78
Alphabet Inc A1,433.52 USD1.08
Amazon.com Inc2,442.37 USD1.72
Booking Holdings Inc1,639.42 USD-0.58
Facebook Inc A225.09 USD-0.16
Mastercard Inc A300.89 USD-0.47
Microsoft Corp183.25 USD1.02
Visa Inc Class A195.24 USD0.50

About Author

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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