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THE HERALD 1 Mutual funds convenient We have all heard and read a great deal about mutual funds in recent years They are one of Canadas fastest growing in vestments and are now sold by the majority of financial institutions in Canada Mutual funds have gained widespread popularity because they offer both large and small in vestors a profitable and convenient way to Invest in Canada and around the world However with the dawning of a new decade it may be time to reexamine the mutual fund as an investment and assess how it can help meet the challenges of investing in the 1990s There are several trends in in vesting which began to emerge in the final years of the eighties and which can only continue to grow during the nineties One of these is the global movement to freer trade among the world s economies In recent years we have witnessed an increasing interdependence among nations trade invest politics and even in social trends Large trading blocs are developing beginning with North America following the Canada I Free Trade Agreement and Furope which will form a second major bloc in when the trade between twelve European nations disappear investing countries other than Canada you accomplish two important goals First you are rsifving which reduces your overill risk Because each of the world economies expands and contracts at different intervals relative to the rest of the world by not confining your investments to Canada your investments will not suffer to the same extend when growth here is stagnant The se cond goal is enhinced per There are many op portunities in other nati which can lead to were returns especially now when and economic developments in other parts of the world will fuel growth and development but our economy is expected to grow lte- ly You also gain the I to make foreign Mutual fund an idtai cle for investing international markets which can be difficult for an investor to access There are many funds which invest in various countries some are single country funds while others in con and still others search out opportunities around the globe You can also choose from interna tional equity income and money markets Many Cinadians ire eager to take ige of around the world as the dismantling of European trade barriers in and the events now taking place in Eastern Europe Mutual funds make this type of in vesting possible for all investor Another important trend which can only grow in its importance to Canadians and citizens of other is awareness of social environmental responsibility Consumers are bej lining to realize that the can influence the Brian Slessor Dollars and Sense behaviour of large companies by their own purchase behaviour Similarly investors can influence events by choosing their in vestments carefully and in with their own prin Today there are 6 ethical funds Canada with assets of ap proximately million Although they represent a small portion of the total funds invested in mutual funds in Canada about per cent their popularity is growing Ethical mutual funds were established to invest according to certain social and moral guidelines and at the same time to earn com inn for unitholders he i used to reen vestments it to the una but range from the I tobacco and li companies and milithrv pro to refusing to invest in com for politicil bad environmental policies or progressive employment policies The good news is that the per of these funds has also been quite respectable The of mutual funds in Canada experts estimate there will be over by the turn of the century means that thece4s a mutual fund for almost every purpose If you would like to invest in real estate but can t afford to purchase an investment property there are real estate funds which allow you to buy into a managed real estate portfolio In uncertain political and economir times such as we are lennng choose gold as a s ife Inven again there ire mutual funds to help invest in gold through both gold bullion companies involved in gold mining and exploration Apart from the specially aspect mutual funds will be an excellent investment for the 90s for the same reison they have been a good investment for in namely professional management and the instant diver sifted portfolio they pro ide Brian Slessor Is in Investment Fxecutive with outside Toronto call col lect OFFICE MAGIC Mexican Night The and Tortillas were flying fast furious last Thursday evening as the Duke of York Restaurant located on Street staged a Mexican Night the Mexican festivities and the Mexican food were seated left to Jennie and Jonathan Norton Serving up unties as well as food left to right were and Anetta Bulut Herald photo Young entrepreneurs recognized TORONTO tor the tinrd con year the Federal Business Development Bank BDB is seeking nominees for its annual Young Entrepreneur Established in the awards to be presented during Small Business Week October 21 recognize the achievements of en aged r Nominees are judged on the following criteria 1 innovation be it in the company product ser vice production process marketing strategy etc operating success which sales growth prospects for the future employment creation quick acceptance in the marketplace and community in the participation of the ntrepreneur in charitable v service clubs and development work on beh ilf of raising awareness of business Considera tion will also be given to the en trepreneur s age at start up uni que problems or challenges the company was able to face and overcome of- the business etc computer sales service total of twelve wards will be presented one each province and In addition there ill be four district winners one r Ontario Southwestern Ontario Eastern On tano oreater Metropolitan Toronto area These winners will be submitted as the finalists in the province wide competition last Ontario winner was old Derrick partner in Ottawa based Con Communications a communications cabling company with clients such as Bell Canada and Data Ltd Hanson started the business in 1988 to fill a gap in Hit for the tion cabling In three he has seen his opera jrow from sales of employees to over million n sales and staff of i ilTerntorial will be presented with their avirds at the Launch of Small Business Week in Toronto En can enter themselves n the contest or can be nominated I others Anyone interested in entering a young entrepreneur should contact the local FBDB ranch All candidates will be eviewed a committee compris ed of representatives en business and business associations Deadline for entries is August 17 District winners will be announced September 27th NX 1000 PRINTER I ONLY 229 IBM Epson Compatibility j I COLOUR I While Quantities Last 34S St I Un 1 1 I WERE YOUR INSURANCE BROKERS WE UNDERSTAND PAUL C ARMSTRONG INSTANCE LTD 143 MILL ST Hills Georgetown 877 Investment Certificates 2yrl2H4yrl2 5yrlU Intirres paid Invctcd about our annul compound rale options Rata sublet to please corn rm w your local Municipal manager the municipal loan corporation In 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