The performance of the income trust market has exceeded expectations since it suffered a swift 12% drop when approximately $17.6 billion of market capitalization disappeared on Nov. 1, 2006.

In fact, according to the portfolio advisers of GGOF Monthly High Income Fund, income trusts are set to remain the highest yielding, most tax effective vehicles in Canada for at least 3 1/2 years. Yet many investors are still not taking advantage of this viable source of income.

According to a recent GGOF-Ipsos Reid survey, only one-in-five baby boomers are invested in income trusts and almost two-thirds of boomers are totally unaware of the proposed tax changes that will impose a tax on cash distributions.

GGOF says there is a need for better understanding of the current state and future potential of the income trust market.