Net Asset Value
The total of a company's assets less any liabilities. This amount is also referred to as Shareholder's Equity.
Investing in regions or countries outside of Canada and the United States can entail above-average volatility and risk. But these areas can also offer vast potential growth.
We still think that for most investors, the best way to invest in those regions or countries is through mutual funds, rather than individual stocks. And you can cut your costs by buying closed-end …read more »
CANADIAN GENERAL INVESTMENT TRUST $21 (Toronto symbol: CGI) mainly invests in shares of Canadian companies. Its discount to its net asset value now stands at 18%.
THIRD CANADIAN GENERAL INVESTMENT TRUST $42.75 (Toronto symbol: THD) holds around 55.8% of its assets in units of Canadian General Investments. The rest of its holdings are mostly high-quality income trusts and stocks. The trust’s …read more »
ABERDEEN ASIA-PACIFIC INCOME INVESTMENT $6.37 (Toronto symbol: FAP) (CWA Rating: Income) is a closed-end fund that invests mainly in Australian debt instruments. It also invests in U.S.-dollar-denominated Asian and Latin American bonds, and in bonds denominated in currencies from those countries. Right now it has 29.1% of its assets in Asian and Latin American currency bonds.
Aberdeen Asia-Pacific lowered its monthly …read more »
JAPAN EQUITY FUND $7.39 (New York symbol JEQ; CWA Rating: Aggressive) invests mostly in large capitalization stocks on the Tokyo Stock Exchange. Lately, the fund has added to its holdings of firms selling to emerging markets, to offset exposure to the slowing U.S. economy. It has also upped its holdings of Japanese financial stocks. These have limited exposure to subprime-related …read more »
Japanese stock markets remain volatile along with global markets. As well, a slowing U.S. economy plus a continued rise in the yen in relation to the falling U.S. dollar would hurt Japan’s major export industries. However, overall, we think that Japan’s economy will keep growing and push stock prices up.
JAPAN EQUITY FUND $7.39 (New York symbol JEQ; CWA Rating: Aggressive) …read more »
UNITED CORPORATIONS $62 (Toronto symbol: UNC) (165 University Ave., 10th Floor, Toronto, ON M5H 3B8. 416-947-2583. Buy or sell through a broker) invests in a wide variety of average-quality to above-average quality Canadian and foreign stocks.
At last report, 35.3% of the fund’s $1.0 billion portfolio was invested in Canadian equities, 23.7% in the U.S., 20.2% in Europe, 6.3% in the …read more »
ECONOMIC INVESTMENT TRUST $81.51 (Toronto symbol: EVT) holds a well-diversified portfolio of high-quality Canadian, U.S. and foreign stocks.
The $691.3 million fund’s largest holdings include E-L Financial, Algoma Central Railway, Chevron, CBS Corp., Marathon Oil, Altria Group, Dow Chemical, ConocoPhillips, Alliance SE, Arcelor Mittal, ING Groep, Vodafone Group plc, Renault, Xstrata plc and Sumitomo Mitsui Financial.
The fund breaks down geographically as …read more »
Investing in regions or countries outside of Canada and the United States can entail above-average volatility and risk. But these areas can also offer vast potential growth.
We still think that for most investors, the best way to invest in those regions or countries is through mutual funds, rather than individual stocks. And you can cut your costs by buying closed-end …read more »
CANADIAN GENERAL INVESTMENT TRUST $23.20 (Toronto symbol: CGI) mainly invests in shares of Canadian companies. The trust’s discount to its net asset value now stands at 20%.
Canadian General Investments is a buy.
THIRD CANADIAN GENERAL INVESTMENT TRUST $34.72 (Toronto symbol: THD) holds around 56.5% of its assets in units of Canadian General Investments. The rest of its holdings are mostly high-quality …read more »
INDIA FUND $51.75 (New York symbol IFN; CWA Rating: Aggressive) invests mainly in large capitalization Indian stocks. The manager of the fund is the Blackstone Group.
India Fund dropped recently from an all-time high of $71.54 along with turmoil in global stock markets. But the Indian economy is still strong, and inflation and interest rates remain low.
The Indian government encourages foreign …read more »
