My brokerage [CIBC Investors Edge] in Canada has informed me that “there will be a planned transition of mutual fund units to fund classes or series where no trailing commission (“zero trailer funds”) is paid by the fund manager to CIBC Investor’s Edge” – because of regulatory changes.
My current fund is a monthly income fund but i need to switch to something that has higher growth potential, and i'm willing to manage some higher risk. It will be for the longer term; about 5-10 years, and i'm not looking to manage it.
I'm looking at a few index funds that track either the Nasdaq 100 or the S&P 500. Not really sure where to go with it as i play the market a little and the fund is just for year over year accumulation. I was given a list by the brokerage and was looking at:
CIBC NASDAQ 100 INDEX FUND F
TD NASDAQ INDEX FUND E
INVESCO NASDAQ 100 INDEX ETF [QQC/F:CN]
FIDELITY HIGH QUALITY INDEX ETF FUND SERIES F
There's also some S&P 500 index funds and a thousand other miscellaneous – i would appreciate any ideas – and of course i will research and make a decision myself. I'm an old rock musician with no pension so i need to try to grow my little nest egg as much as possible over the next 10 years. Thanks
Here's a link to the available funds: LIST OF FUNDS
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