Manulife Financial
Toronto symbol MFC, sells life and other forms of insurance, as well as mutual funds and investment management services. It operates in 19 countries and territories worldwide.
MANULIFE FINANCIAL $12.53 (Toronto symbol MFC; Shares outstanding: 1.8 billion; Market cap: $22.1 billion; SI Rating: Above Average; Dividend yield: 4.2%) sells life and other forms of insurance, as well as mutual funds and investment-management services. It operates globally, and has $453.9 billion of assets under management.
In the three months ended June 30, 2010, Manulife lost $2.4 billion, or $1.36 …read more »
We’ve always believed that investors should sell a stock if they have any doubts about the integrity of the people who are in charge of the company. In other words, if you think a company is run by crooks, you should sell the stock right away, no matter how attractive it seems as an investment. As the Madoff scandal so …read more »
MANULIFE FINANCIAL $20.19 (Toronto symbol MFC; Shares outstanding: 1.6 billion; Market cap: $32.5 billion; SI Rating: Above Average) sells life and other forms of insurance, as well as mutual funds and investment-management services. It operates in 19 countries and territories worldwide, including the U.S. and Asia.
Manulife reported a loss of $1.1 billion, or $0.67 a share, in the three months …read more »
Manulife shares dropped 14% recently after the Ontario Securities Commission began looking into whether it fully informed its shareholders late last year of the business risks of a market downturn.
MANULIFE FINANCIAL $20.19 (Toronto symbol MFC; Shares outstanding: 1.6 billion; Market cap: $32.5 billion; SI Rating: Above Average) sells life and other forms of insurance, as well as mutual funds and …read more »
HARBOUR FUND $17.42 (CWA Rating: Conservative) (C.I. Mutual Funds, 151 Yonge St., 7th Floor, Toronto, ON, M5C 2W7. 1-800-268-9374; Web site: www.cifunds.com. Load fund: available from brokers.) invests in only 25 to 40 high-quality mostly Canadian stocks, and it may hold stocks for four or five years to realize their value.
The $5.3-billion Harbour Fund’s top holdings include Canadian National Railway, …read more »
BMO DIVIDEND FUND $37.58 (BMO Mutual Funds, 77 King Street West, Suite 4200, Royal Trust Tower, Toronto, Ont., M5K 1J5, 1-800-665-7700; Web site: www.bmo.com. No load — deal directly with the bank) (CWA Rating: Conservative) currently holds about 43.3% of its portfolio in the Financial services industry. Its next-largest holding is Energy at 23.1%.
The $3.7 billion BMO Dividend Fund’s largest …read more »
We still think high-quality mutual funds with a long-term focus will beat stock-market indexes over time. If funds invest as we advise — sticking with well-established companies and spreading their assets across the five main economic sectors — they will likely lose a lot less than the indexes during a significant market downturn.
That’s because big market slides are particularly hard …read more »
RBC CANADIAN DIVIDEND FUND $37.65 (RBC Funds, P.O. Box 7500, Station A, Toronto, Ontario M5W 1P9. 1-800-463-3863; Web site: www.royalbank.com. No load — deal directly with the bank) invests in well-established, dividend-paying companies. In fact, it invests solely in common stocks. That’s why, despite the fund’s name, we rate it Conservative rather than Income.
The $7.1-billion RBC Canadian Dividend Fund’s top …read more »
FIDELITY GROWTH AMERICA FUND $11.98 (CWA Rating: Conservative) (Fidelity Investments Canada, 483 Bay St., Suite 200, Toronto, Ont. M5G 2N7. 1-800-263-4077; Web site: www.fidelity.ca., load fund — available from brokers) uses a broad “bottom-up” approach to identify undervalued companies using fundamentals, such as earnings, dividend yield, book value, cash flow and debt level.
The $160.2-million Fidelity Growth America Fund’s top holdings, …read more »
HARBOUR FUND $14.56 (CWA Rating: Conservative) (C.I. Mutual Funds, 151 Yonge St., 7th Floor, Toronto, ON, M5C 2W7. 1-800-268-9374; Web site: www.cifunds.com. Load fund: available from brokers.) invests in only 25 to 40 high-quality mostly Canadian stocks, and it may hold stocks for four or five years to realize their value.
The $4.3-billion Harbour Fund’s top holdings include Canadian National Railway, …read more »
