“The ratings are an effective way to evaluate the likelihood of a fund’s outperformance relative to its peers over the long term,” says Morningstar Canada’s director of Investment Research, Ian Tam. A good way to get the bigger picture on a mutual fund is to use the Morningstar Quantitative Rating (MQR). Also keep in mind that factors like fees, or a fund’s process or portfolio manager can make a difference beyond the year in focus. But before you decide whether or not to buy these funds, remember that past performance is no guarantee of future returns. And so, investors in the volatile technology space reaped the benefits.īut which mutual funds in Canada did best? We looked at the top performing mutual funds of 2020, and found many active growth funds filling the charts. In this strange year, much of the growth came from innovative technology companies that kept us connected and productive in these remote and socially distanced times. Staying the course in a downturn is one thing, going for growth is quite another, even more so in this rapidly changing world of 2020.
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