Equity Funds in the Red for Second Quarter Despite June Rally, Morningstar Canada Data Show

TORONTO, July 4, 2012 /CNW/ - Despite posting positive results in June,most equity and balanced funds in Canada were not able to overcome their losses suffered in the previous two months and ended the second quarter of 2012 in negative territory, according to preliminary performance numbers released today by Morningstar Canada.

 Among the 22 Morningstar Canada Fund Indices that measure the aggregate performance of equity fund categories, only two managed to stay positive last month. Among balanced funds, the target-date portfolio categories posted slight increases, while all other balanced categories were in the red.

For a complete copy of the company’s news release, please contact:

Adam Fisch,

 Fund Analyst,

Morningstar Canada,

 (416) 484-7815;

Christian  Charest,

Editor,

 Morningstar Canada,

 (416) 484-7817