(January 29 – 12:00 ET) – ScotiaMcLeod has unveiled its 2001 list of recommended mutual funds for investors. This year’s list — with a total of 74 funds — includes 25 new funds and four new asset classes.

“As in previous years, we have found some true hidden gems for this year’s recommended list,” said Ian Filderman, director of mutual funds, ScotiaMcLeod. “We expect that some of this year’s selections will build on the success we’ve had in the past as being the first to recognize superior and often award-winning funds and management teams. Examples from prior years include the AGF American Growth Class, first added in January 1997 and the BPI Global Equity Fund, first added in January 1998, both of which have been very successful and increasingly popular.”

Unlike many other fund lists that are frequently revised, ScotiaMcLeod releases its list once a year focusing on funds that they believe will benefit investors over time.

The investment dealer says a long term focus gives it the ability to see beyond the short-term numbers, both good and bad, when making and maintaining recommendations. It is this long-term focus that has allowed ScotiaMcLeod to maintain its long-standing recommendation on the Mackenzie Ivy Canadian Fund in 2000. Even after a challenging 1999, this conservative fund did exactly what ScotiaMcLeod expected of it, producing outstanding results in 2000, a year of very difficult market conditions.

The newcomers to recommended list are:

  • AGF Canadian Stock Fund
  • AGF European Growth Class
  • AIC Global Health Care Fund
  • AIM American Blue Chip Growth Class
  • AIM American Mid Cap Growth Class
  • AIM Canadian First Class
  • AIM European Growth Fund
  • AIM Global Health Sciences Fund
  • AIM Global Technology Fund
  • C.I. Global Technology Fund
  • C.I. International Balanced Fund
  • C.I. International Fund
  • Clarington Canadian Balanced Fund
  • Elliott & Page U.S. Mid Cap Fund
  • Fidelity Canadian Aggressive Fund
  • Fidelity European Growth Fund
  • Fidelity Global Asset Allocation Fund
  • GGOF Alexandria Global Technology Fund
  • Mackenzie Ivy Enterprise Fund
  • Mackenzie Universal European Opportunities Fund
  • Mackenzie Universal U.S. Blue Chip Fund
  • Mackenzie Universal World Science & Technology Fund
  • Synergy Global Growth Class
  • Talvest Global Health Care Fund
  • Trimark U.S. Companies Fund

-IE Staff