Mutual Fund

In the ETF world, the BMO, Claymore and iShares families have each launched at least one product devoted to high-yield bonds in the past year or so, and there are also hybrid products like the iShares DEX HYBrid Bond Index Fund (XHB) unveiled this week.

Where can I buy mutual funds?

• Banks and trust companies
• Life insurance companies
• Credit unions and caisses populaires
• Mutual fund dealers
• Brokerage firms
• Mutual fund companies that sell directly to the public.

Also, if you have a Group Registered Retirement Savings Plan (Group RRSP) at work, it may offer you mutual funds. Someone in your Human Resources (HR) department can tell you about your choices.
Tip: Life insurers and mutual fund companies usually sell just their own products. If you want to have a range of different mutual funds, you may have to go to more than one company. Or, go to a bank or brokerage firm that sells funds from different companies.