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Analysis: Another new addition to our list, this Canadian small/mid cap fund is virtually identical to the highly respected Mawer New Canada Fund, which has been capped to new investors for some time. While there may be some differences between the holdings, the overwhelming majority of the fund will be the same.
It is managed by Martin Ferguson, using a GARP approach. The portfolio will tend to be fairly concentrated, holding less than 60 names with the top 10 currently making up 56% of the fund.
The MER of the fund is 2.25%, which is low for the category but is higher than the 1.46% charged by the Mawer New Canada.
This is a great fund for medium to high risk investors seeking some small cap exposure in their portfolios.