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balanced fund quarterly reportGlobal economic activity was dismal in the final quarter of 2008, with the U.S. posting its worst quarterly performance since the recession in the early 1980s. Canadian GDP declined at an annual rate of 3.4% in the quarter. However, this performance looked good in comparison to that of other industrialized countries... |
balanced fundFor long-term investors who seek a rate of return that exceeds the inflation rate and want to limit downside risk in declining market environments. |
market commentarySigns of improvement in economic conditions are tentative at best although credit market conditions have improved considerably. Central banks and governments are taking appropriate actions and fears of deflation and financial market meltdown have also eased. We regard these developments as a positive base for a slow global economic recovery... |