Appendix E

The
Economic Freedom
Network

Appendix E: Assets and market share of various mutual funds

The data on market share in the these appendices refers exclusively to those companies and funds included in the sample. There are over 125 separate companies offering non-segregated mutual funds. The sample was selected by including only those companies that maintain internet websites in order to facilitate both the data-collection process and to allow for replication. Company and specific mutual fund information was collected both from the respective internet sites of each firm and directly from annual reports and prospectuses.

Appendix E(1) : Canadian Cash and Cash Equivalent Mutual Funds

Company	Name of Fund	Total Asset Value ($millions)	Market Share
1 AIM GT Mutual Funds	1 Canada Money Market Fund	$41	0.17%
2 Altamira Investment Services Inc.	2 Canadian T-Bill Fund 3 Short Term Canadian Income Fund	$51 $26	0.21% 0.11%
3 Atlas Mutual Funds	4 Canadian Money Market Fund 5 Canadian T-Bill Fund	$305 $316	1.25% 1.30%
4 Bank of Montreal	6 Money Market Fund 7 T-Bill Fund	$1041 $743	4.28% 3.05%
5 Canada Trust	8 Money Market Fund 9 Premium Money Market Fund	$1052 $451	4.32% 1.85%
6 C .I Funds	10 Money Market Fund	$290	1.19%
7 C.I.B.C	11 Canadian T-Bill Fund 12 Money Market Fund 13 Premium Canadian T-Bill Fund	$519 $1,911 $1,903	2.13% 7.85% 7.82%
8 Dynamic Mutual Funds	14 Money Market Fund	$165	0.68%
9 Ethical Funds Inc.	15 Ethical Money Market Fund	$108	0.44%
10 Fidelity Funds	16 Canadian Short Term Asset Fund	$306	1.26%
11 Global Strategy investment Funds	17 Money Market Fund	$104	0.43%
12 Guardian Mutual Funds	18 Canadian Money Market	$58	0.24%
13 HongKong Bank of Canada	19 Money Market Fund	$385	1.58%
14 Investors Group	20 Investors Canadian Money Market fund	$577	2.37%
15 Mackenzie Financial Corp.	21 Industrial Cash Management Fund 22 Industrial Short - Term Fund	$412 $256	1.69% 1.05%
16 Royal Bank of Canada	23 Canadian Money Market Fund 24 Canadian T-Bill Fund 25 Premium Money Market Fund	$1,527 $3,170 $1,332	$6.27% 13.02% 5.47%
17 Sagit Investment management Ltd.	26 Trans- Canada Money Market Fund	$11	0.05%
18 Scotiabank - Excelsior Funds	27 Money Market Fund 28 Premium T-Bill Fund 29 T-Bill Fund	$537 $802 $341	2.21% 3.29% 1.40%
19 Spectrum United	30 Canadian Money Market Fund	$183	0.75%
20 TD Greenline	31 Canadian Money Market Fund 32 Canadian T-Bill Fund 33 Premium Money Market Fund	$4,005 $395 $1018	16.45% 1.62% 4.18%
	Total / Mean High Value Low Value Range	$24,341	16.45% 0.05% 16.41%

Appendix E(2) : Global Fixed Income Mutual Funds

Company	Name of Fund	Total Asset Value($millions)	Market Share
1 AGF Group of Funds	1 Global Government Bond Fund 2 RSP Global Bond Fund	$152 $80	4.47%
2 AIM GT Mutual Funds	3 Global Bond Fund	$6	0.18%
3 Altamira Investment Services Inc.	4 Global Bond Fund 5 High Yield Bond Fund 6 Short Term Global Income Fund	$28 $19 $23	0.68% 0.56% 0.68%
4 Atlas Mutual Funds	7 World Bond Fund	$26	0.76%
5 Bank of Montreal	8 International Bond Fund	$239	7.03%
6 Canada Trust	9 International Bond Fund	$76	2.23%
7 C .I Funds	10 Global Bond RSP Fund 12 World Bond Fund	$83 $15 $76	2.44% 0.44% 2.23%
8 C.I.B.C	13 Global Bond Fund	$73	2.15%
9 Dynamic Mutual Funds	14 Global Bond Fund 15 Global Income & Growth Fund	$280 $62	8.23% 1.82
10 Ethical Funds Inc.	16 Ethical Global Bond Fund	$17	0.50%
11 Fidelity Funds	17 Emerging Markets Bind Fund	$59	1.73%
12 Global Strategy investment Funds	18 Diversified Bond Fund 19 Diversified Foreign Bond Fund 20 World Bond Fund	$271 $6 $197	7.97% 0.18% 5.79%
13 HongKong Bank of Canada	21 Global Bond Fund	$8	0.24%
14 Investors Group	22 GS International Bond Fund 23 Investors Global Bond Fund	$9 $245	0.26% 7.20%
15 Mackenzie Financial Corp.	24 Universal World Income RRSP Fund 25 Universal World Tactical Bond Fund	$557 $41	16.38% 1.21%
16 Royal Bank of Canada	26 Global Bond Fund	$243	7.14%
17 Scotiabank - Excelsior Funds	27 Global Bond Fund	$15	0.44%
18 Spectrum United	28 Global Bond Fund	$17 $80	0.49% 2.35%
19 TD Greenline	30 Global Government Bond Fund 31 Global RSP Bond Fund	$106 $244	3.12% 7.17%
20 Templeton	32 Global Bond Fund	$49	1.44%
	Total / Mean High Value Low Value Range	$3,401	16.38% 0.18% 16.20%

* Total may not add up due to rounding.

Appendix E(3) : Canadian Equity Mutual Funds

Company	Name of Fund	Total Asset Value($millions)	Market Share
1 AGF Group of Funds	1 20/20RSP Aggressive Equity Fund 2 20/20RSP Aggressive Smaller Companies Fund 3 Canada Class 4 Canadian Equity Fund 5 Canadian Growth Fund 6 Dividend Fund 7 Growth Equity Fund	$384 $499 $9 $689 $415 $2,174 $1,015	0.58% 0.75% 0.01% 1.04% 0.62% 3.27% 1.53%
2 AIM GT Mutual Funds	8 Canada Growth Class 9 Canada Income Class	$807 $890	1.21% 1.34%
3 Altamira Investment Services Inc.	10 AltaFund 11 Capital Growth Fund 12 Equity Fund 13 Special Growth Fund	$150 $146 $1,559 $256	0.23% 0.22% 2.35% 0.39%
4 Atlas Mutual Funds	14 Canadian Emerging Growth Fund 15 Canadian large Cap Growth Fund 16 Canadian Large Cap Value Fund 17 Canadian Small Cap Growth Fund 18 Canadian Small cap Value Fund	$73 $569 $52 $138 $47	0.11% 0.86% 0.08% 0.21% 0.07%
5 Bank of Montreal	19 Equity Index Fund 20 Growth Fund 21 Special Growth Fund	$414 $1,237 $441	0.62% 1.86% 0.66%
6 Canada Trust	22 Stock Fund 23 Special Equity Fund	$758 $348	1.14% 0.52%
7 C .I Funds	24 Canadian Growth Fund 25 Covington Fund 26 Monarch Canadian Fund	$898 $135 $83	1.35% 0.20% 0.12%
8 C.I.B.C	27 Canadian Equity Fund 28 Canadian Index Fund 29 Capital Appreciation Fund	$1,193 $378 $552	1.79% 0.57% 0.83%
9 Dynamic Mutual Funds	30 Canadian Growth Fund 31 Dividend Growth Fund 32 Dynamic Fund of Canada	$806 $482 $282	1.21% 0.73% 0.42%
10 Ethical Funds Inc.	33 Ethical Growth Fund 34 Ethical Special Equity Fund	$805 $90	1.21% 0.14%
11 Fidelity Funds	35 Canadian Growth Company Fund 36 Capital Builder Fund 37 True North Fund	$1,478 $451 $1,280	2.22% 0.68% 1.93%
12 Global Strategy investment Funds	38 Canadian Growth Fund 39 Canadian Opportunities Fund 40 Canadian Small Cap Fund	$663 $152 $435	1.00% 0.23% 0.65%
13 Guardian Mutual Funds	41 Enterprise 42 Growth Equity	$332 $332	0.50% 0.50%
14 HongKong Bank of Canada	43 Equity fund 44 Small Cap Growth Fund	$197 $59	0.30% 0.09%
15 Investors Group	45 GS Canadian Equity Fund 46 IG Beutel Goodman Canadian Equity Fund 47 IG Beutel Goodman Canadian Small Cap Fund 48 IG Sceptre Canadian Equity Fund 49 Investors Canadian Equity Fund 50 Investors Canadian Small Cap Fund 51 Investors Growth Portfolio 52 Investors Retirement Growth Portfolio 53 Investors World Growth Portfolio	$276 $46 $144 $250 $3,759 $703 $698 $2,437 $914	0.42% 0.07% 0.22% 0.38% 5.66% 1.06% 1.05% 3.67% 1.38%
16 Mackenzie Financial Corp.	54 Industrial Equity Fund 55 Industrial Growth Fund 56 Industrial Horizon Fund 57 Ivy Canadian Fund 58 Ivy Enterprise Fund 59 Universal Canadian Growth Fund	$91 $897 $1,097 $5,675 $380 $1,924	0.14% 1.35% 1.65% 8.54% 0.57% 2.89%
17 Royal Bank of Canada	60 Canadian Equity Fund 61 Canadian Growth Fund 62 Canadian Small Cap Fund	$3,617 $790 $225	5.44% 1.19% 0.34%
18 Sagit Investment management Ltd.	63 Cambridge Growth Fund 64 Cambridge Special Equity Fund 65 Trans-Canada Value Fund	$12 $4 $2	0.02% 0.01%0.00%
19 Scotiabank - Excelsior Funds	66 Canadian Blue Chip Fund 67 Canadian Growth Fund	$431 $1,032	0.65% 1.55%
20 Spectrum United	68 Canadian Equity Fund 69 Canadian Growth Fund 70 Canadian Investment Fund 71 Canadian Stock Fund	$1,825 $988 $316 $192	2.75% 1.49% 0.48% 0.29%
21 TD Greenline	72 Blue Chip Equity Fund 73 Canadian Equity Fund 74 Canadian Index Fund 75 Canadian Small-Cap Equity Fund 76 Value Fund	$456 $983 $430 $42 $591	0.69% 1.48% 0.65% 0.06% 0.89%
22 Templeton	77 Canadian Stock Fund	$305	0.46%
23 Trimark mutual Funds	78 Canadian Fund 79 RSP Equity Fund 80 Select Canadian Growth Fund	$2,380 $3,060 $5,340	3.58% 4.60% 8.03%
	Total / Mean High Value Low Value Range	$3,401	16.38% 0.18% 16.20%

* Total may not add up due to rounding.

Appendix E (4) Canadian Balanced Mutual Funds

Company	Name of Fund	Total Asset Value($millions)	Market Share
1 AGF Group of Funds	1 Canadian Tactical Asset Allocation Fund 2 Growth & Income Fund	$967 $764	2.01% 1.59%
2 Altamirn Investment Services Inc.	3 Balanced Fund	$78	0.16%
3 Atlas Mutual Funds	4 Canadian Balanced Fund	$283	0.59%
4 Bank of Montreal	5 Asset Allocation Fund	$443	0.92%
5 Canada Trust	6 Balanced Fund	$1,354	2.82%
6 C .I Funds	7 Canadian Balanced Fund	$366	0.76%
7 C.I.B.C	8 Balanced Fund	$1,238	2.57%
8 Dynamic Mutual Funds	9 Partners Fuund 10 Team Fund	$2000 $243	4.16% 0.51%
9 Ethical Funds Inc.	11 Ethical Balanced Fund	$714	1.48%
10 Fidelity Funds	12 Canadian Asset Allocation Fund	$2,281	4.74%
11 Guardian Mutual Funds	13 Canadian Balanced 14 Growth & Income	$396 $22	0.82% 0.05%
12 HongKong Bank of Canada	15 Balanced Fund 16 Dividedn Income Fund	$381 $238	0.79% 0.49%
13 Investors Group	17 GS Canadian Balanced Fund 18 IG Beutel Goodman Canadian Balanced Fund 19 IG sceptre Canadian Balanced Fund 20 Investors Asset Allocation Fund 21 Investors Dividend Fund 22 Investors Growth Plus Portfolio 23 Investors Income Plus Portfolio 24 Investors Mutual of Canada 25 Investors Retirement Mutual Fund 26 Investors Retirement Plus Portfolio	$584 $102 $220 $1,664 $4,253 $357 $1,421 $1,042 $3,027 $1,882	1.21% 0.21% 0.46% 3.46% 8.84$ 0.74% 2.95% 2.17% 6.29% 3.91%
14 Mackenzie Financial Corp.	27 Industrial Balanced Fund 28 Industrial Pension Fund 29 Ivy Growth and Income Fund 30 Universal Canadian Balanced	$360 $310 $2,394 $403	0.75% 0.64% 4.98% 0.84%
15 Royal Bank of Canada	31 Balanced Fund 32 RoyanTrust Advantage Balanced Fund 33 Royal Trust Advantage Growth Fund	$7,779 $508 $197	16.17% 1.06% 0.41%
16 Sagit Investment management Ltd	34 Canbridge balanced Fund	$5	0.01%
17 Scotiabank - Excelsior Funds	35 Balanced Fund 36 Total Return Fund	$742 $945	1.54% 1.96%
18 Spectrum United	37 Asset Allocation Fund 38 Canadian Balanced Portfolio 39 Diversified Fund	$548 $542 $232	1.14% 1.13% 0.48%
19 TD Greenline	40 Balanced Growth Fund 41 Balanced Income Fund	$545 $267	1.13% 0.56%
20 Templeton	42 Canadian Asset Allocation Fund 43 Balanced Fund	$84 $53	0.17% 0.11%
21 Trimark Mutual Funds	44 Income Growth Fund 45 Select Balanced Fund	$915 $4,950	1.90% 10.29%
	Total / Mean High Value Low Value Range	$48,099	16.17% 0.01% 16.16%

info@fraserinstitute.ca

You can contact us at the above email address for any comments or information requests. Please report any dead links or technical problems.

Last Modified: Wednesday, October 20, 1999.