Money market funds are a great option for investors looking for low-risk investments. Investors have many options as there are over 100 funds in Canada.
Mutual Funds allow you to grow your money without any investing experience. Investment professionals handle the day-to-day details using this method.
While the stock market is becoming an increasingly popular method of investing, other asset classes such as mutual funds are still great investments.
The main difference between segregated funds and mutual funds is that segregated funds offer principal protection on investments and these products are sold by insurance companies, unlike mutual funds which are sold by asset management companies or financial institutions.