Lifetime income funds are a type of pension fund used in Canada.
The Government of Canada regulates various aspects of Living Income Funds, in particular the amounts that can be withdrawn, which are set out annually in the provisions of the Income Tax Act for the RRIF.
You must be at least Early Retirement Age (specified in pension law) to purchase LIF, you must be at least Early Retirement Age or regular retirement date to start receiving LIF payments, and you must start receiving payments in the year after before you turn 71.
LIF benefits include the fact that LIF contributions increase with tax deferral, owners can choose their own investments (provided the investments qualify), and LIF funds are protected by lenders.
Lifetime income funds are offered by many institutions in Canada.
A floating rate fund is a fund that invests in financial instruments with variable or floating interest rates. A floating rate fund invests in bonds and debt instruments, the interest payments on which fluctuate depending on the level of the base interest rate.
Go-go fund - a mutual fund with an investment strategy focused on growth stocks and other high-risk securities.
These funds were at their peak in the 1960s, attracting investors with the promise of unusually high market returns.
A Growth and Income Fund is a mutual fund or ETF strategy that seeks to generate a total return for investors, including capital gains and current income.
Lifecycle funds are asset allocation funds in which the share of each asset class automatically adjusts to reduce risk as the desired retirement date approaches.
Market neutral refers to a type of investment strategy used by investment managers who seek to profit from both rising and falling prices in financial markets.
Market timing is the act of moving investment money into or out of the financial market - or switching funds between asset classes - based on predictive methods.