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Exact(17)
Late trading, which is illegal, involves buying funds after 4 p.m. but at an earlier price.
Investors can profit from this shift simply by buying funds that mirror the Canada index.
* Avoid buying funds late in the year, especially those that have high turnover and large gains.
"The story now is buying funds with tax losses that won't pay capital gains for years," Mr. Jacobs said.
Second, the mutual fund industry uses the star-rating system to encourage performance-chasing (selling funds that performed poorly and buying funds that performed well).
The danger of buying funds on the basis of advertised yield alone was underscored by Mark McCray, senior vice president and a bond fund manager for Pimco Advisors.
Similar(43)
Investment bankers trot out similar arguments when buying fund managers.
For those seeking bond funds, Henderson's Mr McQuaker recommends buying fund managers that have the flexibility to invest across the market as opportunities arise.
Investors who buy bond funds are typically more conservative than those who buy stock funds.
We unambiguously suggest individuals buy funds rather than individual bonds.
Canary, though, conspired to buy funds after four o'clock while still paying that day's price.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com