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

Ivy Canadian Fund $24.81

IVY CANADIAN FUND $24.81 (CWA Rating: Conservative) invests in high-quality, large capitalization stocks.

The $2.6 billion fund’s top holdings include Shoppers Drug Mart, Toronto-Dominion Bank, Manulife Financial, Canadian National Railway, Becton Dickinson & Co., Enbridge, McDonald’s Corp., Thomson Reuters, Imperial Oil and Nestle SA.

Ivy Canadian’s breakdown by industry is: Consumer staples, 30.4%; Financials, 18.8%; Consumer discretionary, 13.5%; Energy, 10.9%; Industrials, 9.7%; Health care, 6.7%; and Information technology, 4.7%.

Ivy Canadian made 5.7% annually over the last 10 years, compared to the S&P/TSX’s gain of 11.6%. It lost 3.1% over the last year. That’s compared to the S&P/TSX’s gain of 3.5%. However, the S&P/TSX index holds a high 40% or so of its holdings in Resources shares. That’s always one of the riskiest sectors. It has also been one of the best-performing over the last few years.

The fund’s MER is 2.35%. It holds 5% of its assets in cash.

Ivy Canadian Fund is a buy.

Comments are closed.