MUTUAL FUND FORECAST
Mutual Fund Forecast for 2007:
A standard annual profit of 27.03% was rejoiced by the investors between the years 1995 to 1999. The possessions suddenly altered in 2000 with a vicious remarkable stand market. The investors subjected to a standard annual loss of -8.55% with a parallel loss of around $ 9.3 trillion for the market. Honor was granted for the endurance in 2003 as soon as Dow Jones Industrial Average returned 28.28%. A dull 2004 was witnessed with just 5.31% and 2005 shuffled with an absolute disappointment 1.72%. As compared with one negative year, it is quite good to have two positive years. The year 2007 is forecasted to be sturdy year for mutual fund market. It would be more suitable to consider mutual fund as long-term investment, as this funds are also considered as long term investment funds to alter the threat capability of individual.
Cruel March:
The Mutual Fund Investment of Canada had announced the fall down of the mutual fund sales once again in March. Since March, 2002 previously sold fund exceeded new investments by $107 million. However, the possessions of the fund industry crawled below to $369.4 billion, nearly down to 17 percent or $76 billion from March, 2002. Tom Hockin IFIC president declared the forecast ahead as he said that the result for the turn down was the redemptions of money-market funds habitually used by investors to park money for a small duration of time. The RRSP-induced malfunction improved the sales of fund by $485 million, resulted in current variation from the drops in February. |
