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Topic: How To Invest

Ivy Canadian Fund $29.46

IVY CANADIAN FUND $29.46 (CWA Rating: Conservative) invests in high-quality, largecapitalization stocks. The $4.8 billion fund’s top holdings include Shoppers Drug Mart, Yellow Pages Income Fund, Manulife Financial, Danaher Corp., Reckitt Benckister plc, Bank of Nova Scotia, Canadian National Railway, Loblaw, Imperial Oil and Omnicom Group.

Ivy Canadian’s breakdown by industry is: Consumer staples, 26.9%; Financials, 21.6%; Consumer discretionary, 12.8%; Industrials, 12.7%; and Energy, 6.6%.

Ivy Canadian made 8.4% annually over the last 10 years, compared to the S&P/TSX’s gain of 10.9%. The fund’s MER is 2.44%. It holds a high cash level of 9%.

Ivy Canadian Fund is a buy.

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