IA Clarington Global Dividend Fund
Fund Company IA Clarington Investments Fund Type Global Equity Rating F Style Value Risk Level Medium Load Status Optional RRSP/RRIF Suitability Fair TFSA Suitability Fair Manager QV Investors MER 2.53% Code CCM 1850 – Front End Units CCM 1860 – DSC Units Minimum Investment $500 Analysis: On June 11, it was announced that Joe Jugovic and the QV Investor team would take over the management duties...
Read MoreSentry REIT Fund
For the longest time, this was the go-to real estate fund in Canada. It was consistently one of the best performers in the space, handily outpacing its peer group between 2009 and 2011. However, since 2012, performance has lagged substantially, as investors piled into the fund chasing its former glory. The fund essentially became a victim of its own success. Now at $1.2 billion in assets, the...
Read MoreFirst Asset REIT Income Fund
While the Fidelity offering above has the biggest emphasis on large caps, this fund is the most focused on small cap names. The average market cap of the companies and REITs in this fund is significantly lower than any of the other funds on the list. The focus is predominantly Canada, but it can invest up 30% abroad. At the end of March, it held about 10% in the U.S. Launched in late 2010,...
Read MoreFidelity Global Real Estate Fund
Of the other real estate funds I have reviewed this month, there are two things that differentiate it. First, it is the most globally diversified, with less than 5% invested in Canada. The manager, Steve Buller, tends to keep his country allocations within a pretty tight range. Second, it is also the most large cap focused fund discussed, with a market cap well in excess of the others....
Read MoreDynamic Global Real Estate Fund
As the name suggests, this fund is very global in nature, with nearly two-thirds invested abroad. It is managed by Oscar Belaiche and Tom Dicker using their “Quality at a Reasonable Price” approach that looks for real estate companies and REITs that have strong balance sheets, and excellent management teams with “skin in the game”. The portfolio is diversified, holding more than 50 names, with...
Read MoreCI Global Health Sciences Corporate Class
After a heck of a run, the fund has been selling off in the past month or so. If you have held this fund for a while and haven’t taken profits recently, I would strongly urge you to do so, as valuations have certainly become very rich. I expect that we will see more downside in the coming weeks. By taking some money off the table, you can help protect some of the gains you’ve seen in the past...
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