Precious metals funds shine
Global equities markets, stoked by cheap money, have been shaken in recent months
The majority of fund indices posted losses between 1% and 3%
Prices may increase because of recent cuts in production
Energy drags Canadian funds, Morningstar Canada data show
Portfolio managers say that the interest rate hike expected this autumn is already priced into the market
Weaker greenback weighs on U.S. equity funds
Portfolio managers' views of Asia-Pacific markets are largely positive
Asian equity funds were the best performers for both the month and the first quarter
Projects based on crude oil at US$85 a barrel are very vulnerable