Aston Hill Growth & Income Fund is a global balanced fund with an income-focused, go-anywhere mandate. It pays investors a monthly distribution of $0.03 per unit, which works out to an annualized yield of 4.75% at current prices. The fund has a nearly $30 million in tax-loss carryforwards, which mean that any income paid out to investors is likely to be treated as return of capital for tax-loss purposes. This makes it very tax efficient in a non-registered account.
I am very discouraged by what I see happening with older financial advisors in Canada who refuse to downsize their business and prepare their clients for life without them. This is sad, because if they pass away suddenly, typically their clients will be in disarray and likely be dispersed among other advisors at the same firm – a “solution” that has not been given much thought or planning. I’d like to propose a two-stage alternative plan that can assist both clients and their advisors who really should retire but refuse to do so.
I receive a lot of questions from readers, so every few weeks I’ll answer some of them in this space. Here is the latest batch, including questions about debt vs. RRSPs and whether it’s wise to renew GICs now.
By Fund Library News Wire | Friday, December 12, 2014
Stock indexes in the U.S. and Canada posted sharp losses on the week, as the selloff in crude oil prices continued and Chinese manufacturing data came in weaker than expected. Toronto’s benchmark S&P/TSX Composite Index slid -5.13% on the week, while the S&P 500 Composite Index of the largest U.S. blue chip stocks lost -3.52%.
Q – I’m a self-directed investor with a portfolio weighted roughly 60% to equities (spread out among U.S., Canadian, and international funds) and 40% to safety and income (mostly bond funds, but also about 10% in cash). I keep a close eye on the markets. But I’m not sure what to do about this past week’s market slump. Can you please give me your opinion on what’s going on, and what, if anything, investors like me should do about it? – Sandra O., Markham, Ontario