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Topic: How To Invest

CIBC Canadian Equity Fund $26.81

CIBC CANADIAN EQUITY FUND $26.81 (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 $642.2 million fund’s top holdings are Petro- Canada, EnCana, Manulife Financial, Teck Cominco, Bank of Nova Scotia, TD Bank, Canadian National Railway, Suncor Energy and Research in Motion.

CIBC Canadian Equity holds 36.6% of its portfolio in Financial services stocks and 23.6% in Resource sector stocks.

The fund’s ten-year annualized gain is 6.9%, compared to a gain of 9.8% for the S&P/TSX. CIBC Canadian Equity made 17.4% over the last year, compared to a gain of 21.4% for the S&P/TSX. The fund’s MER is 2.23%.

CIBC Canadian Equity Fund is a buy.

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