Mutual Funds and SMA’s

A mutual fund is an investment vehicle that is made up of a pool of assets collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets.

Mutual funds are typically actively managed  by portfolio managers, who invest the fund’s capital and attempt to produce capital gains and income for the fund’s investors. A mutual fund’s portfolio is structured and maintained to match the investment objectives.

One of the main advantages of mutual funds is that they give small investors access to professionally managed, diversified portfolios of equities, bonds and other securities, which would be quite difficult (if not impossible) to create with a small amount of capital.

A Separately Managed Account (SMA) differs from a mutual fund because it often requires a higher investment minimum per account. While SMA’s are very similar to a mutual fund, they often provide more detailed information regarding holdings, strategy and trading activity.



Investments are provided through Worldsource Securities Inc., Member of the Canadian Investor Protection Fund, Member of the Investment Industry Regulatory Organization of Canada and sponsoring investment dealer of Affinity Securities.

You can check the registration status of your Advisor at IIROC AdvisorReport

* Tax advice, risk management and other advisory services including insurance solutions are provided as part of a comprehensive financial plan through Affinity Financial Group Please visit for further information.