Investment Objective
The fundamental investment
objective is to track the
performance of the Morgan
Stanley Capital International
Japan Cap Weighted Gross
Dividend Index ("MSCI Japan
Index"). The MSCI Japan Index
is comprised of a large number
of widely held Japanese
companies.
Benchmark Statement
MSCI Japan Index (GD, $C)
Recommended For
This Fund may be suitable for
long-term investors who want
to track the returns of a
major Japanese equity index
and are contributing to the
growth component of a
diversified portfolio.
Investors in this Fund should
be willing to accept a
moderate to high level of
risk.
Why Invest
One-step exposure to large,
well-established Japanese
companies.
Low MER.
Complements active investment
style.
Portfolio Update
Quarterly Update
Japanese equities posted positive returns for the quarter. The Liberal Democratic Party won the Lower House election and investors speculated that the new Prime Minister is likely to intensify pressure on the Bank of Japan to reflate the economy via further monetary easing over time and to set a clear inflation target. The equity market is cheap, trading at book value and yielding significantly more than bonds. The Canadian dollar strengthened relative to the Japanese yen, leading to lower returns in Canadian dollar terms.
(December 2012)
General Description
| Fund Codes:
|
TDB658
|
| Minimum non-RSP Investment:
|
$ 100.00
|
| Minimum RSP Investment:
|
$ 100.00
|
| Minimum Subsequent Investment:
|
$ 100.00
|
| Early Redemption:
|
Up to 2.00% of purchase cost
if redeemed within 30 days of
purchase.
|
|
MER:
|
1.06% MER as of December 31, 2012
|
| Sector Class:
|
Japanese Equity
|
| Inception Date:
|
Apr. 30, 1998
|
| Assets:
|
$ 22.87 million as of Apr. 30, 2013.
|
| Minimum PPP Amount:
|
$25.00
|
|
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