Mutual Fund Updates

Mawer New Canada Fund

In selecting stocks, the manager follows a “Growth at a Reasonable Price” approach. They focus on small cap stocks that have a demonstrated history of generating high returns on equity, but are trading at a level that is below their estimate of its true worth.

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Mackenzie Ivy Canadian Fund

Fund Company Mackenzie Financial Corporation Fund Type Canadian Focused Equity Rating C Style Blend Risk Level Medium Load Status Optional RRSP/RRIF Suitability Fair TFSA Suitability Fair Manager Paul Musson since January 2009 Matt Moody since July 2012 MER 2.50% Code MFC 083 – Front End Units MFC 614 – DSC Units Minimum Investment $500 Analysis: Like all Ivy branded funds, the focus of this one...

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Mackenzie Cundill Recovery Fund

This is a neat little fund that has the mandate to invest in companies that are undergoing some sort of a recovery situation such as reorganization, coming out of bankruptcy, change in ownership or other crisis. In addition to this, the company must also meet the very disciplined Cundill investment criteria.

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PH&N Monthly Income Fund

As the name suggests this fund provides investors with a monthly income which comes in the form of a distribution. The current distribution was bumped up to $0.045 per unit in January, which gives an annualized yield of approximately 5.0%.

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CIBC Managed Income Plus Portfolio

Set up basically as a fund of funds that invests in other CIBC managed products, it has a static asset mix that is currently targeted at 3% cash, 62% bonds and 35% equity. The fixed income exposure is pretty much equally split between the CIBC Canadian Bond Fund and the CIBC Canadian Short Term Bond Index Fund. Combined, these two funds represent approximately 57% of the portfolio. There is a small exposure to global bonds. Equity exposure is predominantly focused on large cap stocks.

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Invesco Canadian Premier Growth Class

The portfolio is well diversified, holding just under 70 positions in a wide range of countries and sectors. The top ten make up 30% of the fund. Geographically the focus is on Canada, which is home to 60% of the fund, but it does have holdings across the U.S., Europe and Asia. Over a quarter of the fund is currently in Energy names, which is a slight overweight position. It is significantly underweight in financials and materials.

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