Should I sell my StrategicNova fund?
Question: Around 1995 I had invested some money into the then new and much-heralded O’Donnell Canadian Emerging Growth Fund, managed by Wayne Deans. It has now been named the StrategicNova Canadian Small Cap Fund with a current below par track record. My questions:
1. Do you predict this fund and Canadian small caps will recover generally, or should I consider another fund within this company?
2. Bearing in mind the fund is in my RRSP, could you suggest a more appropriate conservative fund for a 58 year old closing in on retirement? – M.E.S.