A large variety of mutual funds are available to Canadian investors. Some, called "sector funds," specialize in particular industries; others, known as "index funds," simply invest in the market index. Go to www.theglobeandmail.com/globeinvestor/ funds-and-etfs/fund-lookup, look up "AGF Canada Class" and click on its name to find its 3-year risk (the standard deviation of its monthly return). Now find the 3-year risk (standard deviation) for 4 other mutual funds for different industry (sector) funds. Are they larger or smaller than the Index fund? Read the information on their page. How do you interpret your results?