What is a Mutual Fund?

A mutual fund is a professionally managed collection of securities such as stocks and bonds. The benefits of mutual funds are:

• Professional portfolio management
• Dividend & interest reinvestment
• Risk reduction through diversification
• Easy access to global opportunities

When you invest in mutual funds, you own a part of the holdings of the fund(s) and will benefit through potential increases in value and distributions of income.

An HMECU Certified Financial Planner (CFP) can help you create the right combination of mutual funds to meet your long-term return objectives within your risk tolerance.

Invest like a Pension Fund

Pensions such as CPP, HOOPP and OMERS invest in global financial markets to provide the funds necessary to meet their obligations. Mutual funds allow you to invest in a wide variety of companies and markets around the world and combined with the expert investment advice from an HMECU CFP professional, you have the opportunity to achieve your long term goals.

Types of Plans

Mutual Funds can be held in a non-registered plans, as well as registered plans such as RRSP or RRIF, TFSA, RESP or RDSP. It may help you to get a second opinion on any mutual fund accounts held at other financial institutions. You may also transfer mutual funds you have at other financial institutions to HMECU. Click here to meet with an HMECU Certified Financial Planner.

Worldsource Financial Management Inc.

Mutual funds are available to our members through our partnership with Worldsource Financial Management Inc., our sponsoring mutual fund dealer. Choose from a wide variety of top quality mutual funds with trusted names like Fidelity, Invesco, Franklin Templeton, CI, AGF, Mackenzie, Sentry and many others. Other products and services are offered through Healthcare and Municipal Employees’ Credit Union.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund specific simplified prospectus before investing. Mutual funds are not guaranteed and are not covered by the Canada Deposit Insurance Corporation (CDIC) or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Fund values change frequently and past performance may not be repeated.

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