Mutual Fund Updates

CI Signature Select Canadian Fund

This Canadian focused equity fund is managed by Eric Bushell and the Signature Advisors team. The process is very much a combination of a top down macro analysis combined with bottom up security selection.

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Brandes Canadian Equity Fund

Despite a marked improvement in the fund’s short term performance, this is not a fund that we can recommend to investors for a number of reasons. First is volatility. While small cap funds tend to be more volatile than their large cap brethren, this fund is significantly more volatile than both the benchmark and its peer group.

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Trimark North American Endeavour Class

Like other Trimark branded funds, the investment discipline used is fairly straightforward. The managers look to build a concentrated portfolio of high quality, well managed businesses that offer a competitive advantage and are trading below their estimate of the businesses true worth. The fund is also free to invest in businesses of any size. Given the fund’s relatively low asset base of $18 million, the manager can actually take advantage of this and take meaningful positions in small and mid cap stocks.

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RBC Life Science & Technology Fund

Now classified as a U.S. equity fund since the demise of the Science and Technology category a couple of years ago, the RBC Life Sciences and Technology Fund has the investment objective of providing long term capital growth by investing in U.S. based companies that are involved in the life sciences and technology sectors.

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Northwest U.S. Equity Fund

Richard Fogler, manager of the fund uses an approach known as Economic Value Added to evaluate potential investments. The objective of the complicated analytical process is to identify companies that consistently add shareholder value, thereby improving the price of their stock. Essentially, Fogler uses this approach to analyze what a company will be worth in the future, and buys stocks in the firms with the best potential. If he doesn’t see the potential for 40% to 50% growth within two years, the stock doesn’t make the buy list.

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Mackenzie Ivy Enterprise Fund

Like other funds in the Ivy family, this north American focused small / mid cap fund is less volatile than other funds in the category. The manager looks to preserve capital and provide the opportunity for capital growth over the long term by investing in North American small and mid cap funds. There are no fixed sector allocations or cash weightings.

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