Canadian Equities Negative In 2011

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    After two years of solid gains in 2009 and 2010, equity funds in Canada had mostly negative returns in 2011, says preliminary performance numbers from Morningstar Canada. Among its 22 Canada fund indices, only the real estate equity and healthcare equity categories ended the year in positive territory with increases of 12.1 per cent and 7.1 per cent, respectively. Most other fund categories posted double-digit declines. Meanwhile, fixed income funds posted impressive rises. The Canadian long-term fixed income fund index had the biggest increase, 17.3 per cent. Hardest hit by the financial market uncertainty last year were Asian markets. The greater China equity fund index suffered a 21 per cent decline for the year, while the fund index that tracks emerging markets equity dropped 18.7 per cent.