Only Four Indices Increase


    Only four of the 42 Morningstar Canada Fund Indices increased during August, while 26 of the losing indices decreased by three per cent or more. Funds that focus on precious metals equities were last month’s top performers. The Precious Metals Equity Fund Index increased by 3.8 per cent after posting a 16.2 per cent decrease in July, which was the worst result among all fund indices that month. Funds in the Greater China Equity category were the worst performers of the month. The fund index that tracks the category dropped 10.8 per cent, reflecting double-digit losses on both the Hong Kong and Shanghai stock exchanges. This marks the third consecutive monthly decrease for the index, which has lost more than 20 per cent since the beginning of June after being the best performer during the first five months of 2015 with a 28.1 per cent increase in that period.