Below are a few of our recent fund updates. Log in or subscribe to see all of them.
Tradex Global Equity Fund
This global equity fund is managed by Barry Olliff of the City of London Investment Plc. Mr. Olliff conducts a top down review of the various global markets to determine which have the best potential rate of return. Once this is established, he gains that investment exposure through a mix of closed end funds and exchange traded funds.
read moreCI Can-Am Small Cap Corporate Class Fund
This fund has been managed by Leigh Pullen and Joe Jugovic of Calgary based QV Investors since December 2005. Since taking the fund over, they have delivered an annual compound rate of return of 3.54% while the BMO Canadian Small Cap Index has returned 1.65%.
read moreFidelity Canadian Large Cap Fund
Since taking over the management duties of this fund, Daniel Dupont has not skipped a beat. If anything, the relative risk reward profile appears to have improved, with relative volatility dropping while relative return increased. Obviously seven months is too short a period on which to judge, but the signs are definitely encouraging.
read moreAGF Monthly High Income Fund
Peter Frost took over the lead manager duties in April of 2010. Mr. Frost is responsible for setting the tactical asset allocation mix of the fund and managing the equity portion of the fund. Tristan Sones and Tom Nakamura are responsible for the fixed income portion.
read moreBMO Guardian Enterprise Fund
This Canadian small/mid cap fund is virtually identical to the highly respected Mawer New Canada Fund, which has been capped to new investors for some time. While there may be some differences between the holdings, the overwhelming majority of the fund will be the same.
read moreCI Signature High Income Fund
Managed by Eric Bushell and his Signature Team, the fund has the objective of generating a high level of income and long term capital growth. This is a fund that has excelled at both. It pays investors a monthly distribution of $0.07 per unit, which works out to an annualized yield of approximately 6.1% at current prices. Investors have also been rewarded with strong first quartile performance from the fund since its inception.
read moreAGF Canadian Small Cap Fund
After a very strong 2009 and 2010, small cap stocks struggled through 2011 giving back some of the gains of the previous two years. The AGF Canadian Small Cap Fund was no exception, losing 14.7%, for the year, which was slightly worse than the BMO Small Cap Index.
read moreRBC O’Shaughnessy U.S. Value Fund
In managing this U.S. equity fund, Jim O’Shaughnessy uses a very quantitatively driven approach to stock selection. He has poured over decades of historical stock data to determine the factors which have, at least on a historic level, delivered excess returns to investors. He outlined his findings in his book What works on Wall Street. The key factors that are considered by the model include sufficient trading size, trading volume, growing sales and cash flows. Another metric considered is what O’Shaughnessy calls “shareholder yield” which is a combination of dividend payouts and stock repurchase programs.
read moreRBC North American Value Fund
The team of Stuart Kedwell and Doug Raymond utilize a multi stage portfolio construction process that incorporates both quantitative screening and fundamental, bottom up analysis.
read moreRenaissance Global Markets Fund
Since taking over this fund in 2006, David Winters has done a good job for investors in this go anywhere global equity fund. As of December 31, 2011, the five year return was a loss of 1.5% per year, which while disappointing in isolation, is strong on a relative basis, outpacing not only the MSCI World Index, but finishing firmly in the top quartile. Even more impressive is that the fund has delivered this level of outperformance with a level of volatility that is significantly lower than the category average.
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