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Topic: How To Invest

CIBC CANADIAN EQUITY FUND $16.61

CIBC CANADIAN EQUITY FUND $16.61 (CWA Rating: Conservative) (CIBC Securities, 5140 Yonge Street, Suite 900, Toronto, Ontario M2N 6X7. 1-800-631-7008; Web site: www.cibc.com. No load — deal directly with the bank) looks at fundamentals like earnings, cash flow and debt level to identify companies that it sees as having above-average growth potential.

The $317.2-million fund’s top holdings are: TransCanada Corp., EnCana, Research in Motion, Bank of Nova Scotia, CN Railway, Potash Corp., BCE Inc., Canadian Natural Resources and Royal Bank of Canada.

CIBC Canadian Equity holds 39.4% of its portfolio in resource stocks and 27.1% in finance stocks.

The fund’s 10-year annualized return is 1.0%, compared to 4.6% for the S&P/TSX. CIBC Canadian Equity lost 40.8% over the last year, compared to a loss of 38.2% for the S&P/TSX. The fund’s MER is 2.20%.

CIBC Canadian Equity Fund is a buy.

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