Fidelity Canadian Large Cap Fund
One of the things I like about this fund is manager Dan Dupont is disciplined and sticks to his value focused style. He runs a portfolio that looks nothing like its benchmark, and in a rarity for a Canadian focused fund, has no exposure to Canadian banks or golds. It is also significantly underweight in energy. The result is a return stream that is much different from the index, which helps...
Read MoreDynamic Global Real Estate Fund
I had become increasingly concerned about the risk reward metrics of this fund for a few quarters now. While I don’t believe it to be a bad fund, I don’t believe it is the best in the category. It has struggled for a couple of years, on both an absolute and risk adjusted basis, and when I look at the metrics of the underlying portfolio, I don’t expect that there will be a rapid...
Read MoreCI Global Health Sciences Corporate Class
I have long been a believer in the health care story, and that hasn’t changed. What has changed is how I want to access the sector. The CI Global Health Sciences Fund had quite a run, however, the tide turned on it back in February when the entire sector sold off. However, while the other funds in the sector have made up their losses, this fund has continued to languish and the risk reward...
Read MoreRenaissance Global Markets Fund
I have been growing increasingly concerned about this fund for the past few quarters. Manager David Winters uses a fundamentally driven, deep value approach that looks for undervalued and distressed companies of any size, that are out of favour with the broader market that have strong prospects for a significant return. The portfolio looks nothing like the benchmark, and neither does its...
Read MoreIA Clarington Canadian Small Cap Fund
– Recently, I added this to my Recommended List of Funds. It was more difficult decision to make than you would imagine. Not because it doesn’t belong on the list, but because it is a very similar fund to one that was already on the list – the CI Can-Am Small Cap Fund. Both are managed by QV Investors out of Calgary using a near identical process that looks for high quality businesses run by...
Read MoreFidelity NorthStar Fund
Fund Company Fidelity Investments Canada Fund Type Global Small / Mid Cap Equity Rating B Style Mid Cap Value Risk Level Medium Load Status Optional RRSP/RRIF Suitability Good TFSA Suitability Good Manager Daniel Dupont since October 2011 Joel Tillinghast since January 2012 MER 2.40% Code FID 253 – Front End Units FID 553 – DSC Units Minimum Investment $500 Analysis: The management team of...
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