How Successful Investors Get RICH

Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' for FREE from The Successful Investor.

How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.

 I consent to receiving information from The Successful Investor via email. I understand I can unsubscribe from these updates at any time.

Topic: How To Invest

CIBC CANADIAN EQUITY FUND $19.69

CIBC CANADIAN EQUITY FUND $19.69 (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 the managers see as having above-average growth potential.

The $399.3-million fund’s top holdings are: Royal Bank of Canada, EnCana, Research in Motion, Bank of Nova Scotia, CN Railway, Goldcorp, TD Bank, Canadian Natural Resources and Manulife Financial.

CIBC Canadian Equity holds 41.8% of its portfolio in resource stocks and 34.6% in finance stocks.

The fund’s 10-year annualized return is 2.5%, compared to 6.5% for the S&P/TSX. CIBC Canadian Equity lost 20.8% over the last year, compared to a loss of 17.7% for the S&P/TSX. The fund has a 2.21% MER.

CIBC Canadian Equity Fund is a buy.

Comments are closed.