Equity, balanced funds recover
Canadian equity and balanced funds recovered most of their 2008 losses last year as stock markets rebounded, though none returned to their pre-crash highs, Morningstar Canada said.
Investors pulled $4.1bn out of bond funds in the third week of December, the most in a year and a half, and put more than $5.5bn into equity funds, nurturing hopes that appetite for risk is returning despite any fears of a looming US fiscal cliff.