Should I sell AGF American TAA fund?
Question:I bought AGF American Tactical Asset Allocation Fund as a defensive, pre-retirement play years ago. Could you comment on how well it has weathered the storm and whether I should now sell it. – J. O’S.
Gordon’s answer: This fund has a stellar long-term record, but it has had difficulty keeping its head above water in these tough markets. Over the year to May 31, it showed a loss of just over 3 per cent. No one likes to lose money but given the market conditions that’s a reasonable performance.