IA Clarington Tactical Income Fund
Manager Ben Cheng has a great reputation and track record. Before joining Aston Hill he was the lead manager on one of our favourite funds, the CI Signature High Income Fund. With this fund, Ben and his team at Aston Hill, use a team approach that relies heavily on the firm’s research capabilities. The process is best described as “Growth at a Reasonable Price”, which looks for companies that have a strong competitive position, strong balance sheets and a stable management team. When reviewing a company, they review the full capital structure so they understand where the most attractive investment opportunities within that company are, the shares, preferreds, or bonds.
Read MoreFidelity Canadian Growth Company
Since taking over the reins of the fund in March 2011, Mark Schmehl has done a decent job in turning this fund around. For the three years ending January 31, the fund gained an annualized 11.4%, outpacing the S&P/TSX Composite which gained 7.5%. Much of this outperformance can be attributed to the significant U.S. based holdings, which currently sit at approximately 35% of the fund. Still, the fund managed to outperform a blended benchmark that includes U.S. stocks and finish in the top quartile, outpacing its peer group.
Read MoreJanuary 2013 Market Recap
2013 Starts out Strong for Equity Markets 2013 started out very well with all major equity markets in positive territory. The S&P/TSX Composite Index gained 2.25% during the month, but lagged its global brethren. The S&P 500 gained 5.73% in Canadian dollar terms, while the MSCI EAFE Index rose by 5.74%. In fact, the S&P 500 had its best month since October 2011 and it was its biggest...
Read More2013 Starts out Strong for Equity Markets
S&P 500 shows best monthly gain since October 2011. All equity markets in the black. Bonds post losses. 2013 started out very well with all major equity markets in positive territory. The S&P/TSX Composite Index gained 2.25% during the month, but lagged its global brethren. The S&P 500 gained 5.73% in Canadian dollar terms, while the MSCI EAFE Index rose by 5.74%. In fact, the...
Read MoreInvestment Fund Ranking Report – January 2013
Each month, we analyze more than 1200 mutual funds, pooled funds, and hedge funds putting them through our proprietary quantitative valuation model. We then prepare our Monthly Fund Ranking Report which rates and ranks each of the funds in our universe. You can download our January 31, 2013 Investment Fund Ranking Report here.
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