Dividend fund recommendations?

Question: In a recent article, you were quoted as recommending dividend funds with 40% preferred content. Would you be disposed to recommending any specific funds in this category? I would appreciate your help in this regard. – P.R.B., Victoria


We have two such funds on the Recommended List of our Mutual Funds Update newsletter. Signature Dividend Income Fund was first recommended in February 1998 and has performed very well. We added Spectrum Dividend in October 2001.

The November issue of the newsletter carried a detailed analysis of all kinds of fixed-income funds, including this type of dividend fund. We also warned readers that the Signature Fund is about to be closed to new investors. – G.P.