Net Asset Value
The total of a company's assets less any liabilities. This amount is also referred to as Shareholder's Equity.
ABERDEEN ASIA-PACIFIC INCOME INVESTMENT $6.55 (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 38.5% of its assets in Asian and Latin American currency bonds.
Aberdeen Asia-Pacific recently cut its …read more »
UNITED CORPORATIONS $62.50 (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, 34.6% of the fund’s $1.1 billion portfolio was invested in Canadian equities, 23.7% in the U.S., 20.7% in Europe, 6.2% in the …read more »
JAPAN SMALLER CAP FUND $10.89 (New York symbol JOF; CWA Rating: Aggressive) invests mainly in less-widely-followed Japanese over-the-counter stocks.
The fund’s top holdings are Jupiter Telecom, Eagle Industry Co., Nichias Corporation, Tokai Rubber, Futuba Industrial, Aeon Delight, Disco Corp., Kansai Urban Banking, Suraga Corp. and Hisamitsu Pharmaceutical.
Japan Smaller Cap Fund sells for a 0.4% premium above the current value of its …read more »
Japanese stock markets remain volatile along with global markets. As well, a slowing U.S. economy would hurt Japan’s major export industries. However, overall, we think that Japan’s economy will continue to grow and push stock prices up.
JAPAN EQUITY FUND $7.83 (New York symbol JEQ; CWA Rating: Aggressive) invests mostly in large capitalization stocks on the Tokyo Stock Exchange.
The Japan Equity …read more »
ECONOMIC INVESTMENT TRUST $87.01 (Toronto symbol: EVT) holds a well-diversified portfolio of high-quality Canadian, U.S. and foreign stocks.
The $724.9 million fund’s largest holdings include E-L Financial, Algoma Central Railway, Chevron, CBS Corp., Marathon Oil, Conoco- Phillips, General Electric, Posco, Renault, Xstrata plc and Sumitomo Mitsui Financial.
The fund breaks down geographically as follows: Canada, 47.6%; the U.S., 18.5%, Europe, 18.4%, Asia, …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 invest even cheaper by buying closed-end …read more »
CANADIAN GENERAL INVESTMENT TRUST $29 (Toronto symbol: CGI) mainly invests in shares of Canadian companies. The trust’s discount to its net asset value is now 14%.
Canadian General Investments is a buy.
THIRD CANADIAN GENERAL INVESTMENT TRUST $54.13 (Toronto symbol: THD) holds around 60.5% of its assets in units of Canadian General Investments. The rest of its holdings are mostly high-quality income …read more »
ABERDEEN ASIA-PACIFIC INCOME INVESTMENT $7.10 (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 bonds of Asian countries and in Asian bonds. Right now it has 26.2% of its assets in Asian currency bonds.
The fund has net assets of $541.7 million. Its units now trade …read more »
The best exchange-traded funds (ETFs) offer well-diversified, tax-efficient portfolios with very low management fees. Due to buyback and share issue arrangements, ETFs always trade close to their net asset value.
Here are some of the best deals available in ETFs. We’ve also analysed one we don’t like.
ISHARES CDN LARGECAP 60 INDEX FUND $79.86 (Toronto symbol XIU; buy or sell through a …read more »
JAPAN SMALLER CAP FUND $11.39 (New York symbol JOF; CWA Rating: Aggressive) invests mainly in less-widely-followed Japanese over-the-counter stocks.
The fund’s top holdings are Jupiter Telecom, Suruga Corp., Nichias Corporation, Tokai Rubber, Futuba Industrial, Aeon Delight, Disco Corp., Kansai Urban Banking, Nagase & Company and Yokahama Rubber.
Japan Smaller Cap Fund sells for a 0.4% premium above the current value of its …read more »
