Funds Sit In Red

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    After posting solid gains in January and February, many fund categories in Canada were in the red for the month of March, says data from Morningstar Research Inc. However, they still had positive results for the first quarter of 2015. Thirty-two of its Canada fund indices decreased during March, but 22 of those indices decreased less than one per cent. Asian equity funds were the best performers for both the month and the first quarter. Other strong performers during the first three months of 2015 include international equity, European equity, Asia Pacific equity, and global equity fund indices, which all increased by 12 per cent to 13 per cent. Domestic equity funds lost some ground in March, but still eked out positive results for the quarter.