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Topic: How To Invest

CIBC CANADIAN EQUITY FUND $25.59 – Toronto

CIBC CANADIAN EQUITY FUND $25.59 (CWA Rating: Conservative) (CIBC Securities, 5140 Yonge Street, Suite 900, Toronto, Ontario M2N 6X7. 1-800-631-7008; Website: www.cibc.com. No load — deal directly with the company.) uses a “bottom-up” approach (using fundamentals such as earnings, cash flow and low debt) to identify companies that trade at reasonable valuations and yet have growth potential.

The $644.5 million fund’s top holdings are Petro- Canada, EnCana, Manulife Financial, Teck Cominco, Bank of Nova Scotia, TD Bank, Canadian National Railway, Bank of Montreal, National Bank and Suncor Energy.

CIBC Canadian Equity holds 39.4% of its portfolio in Financial services stocks and 24.1% in Energy stocks.

The fund’s ten-year annualized gain is 7.7%, compared to a gain of 10.0% for the S&P/TSX. CIBC Canadian Equity made 16.6% over the last year, compared to a gain of 17.3% for the S&P/TSX. The fund’s MER is 2.28%.

CIBC Canadian Equity Fund is a buy.

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