SCOTIA CANADIAN GROWTH FUND $69.01 (CWA Rating: Conservative) (Scotia Securities, 40 King Street West, 6th Floor, Toronto, Ontario M5H 1H1. 1-800-268-9 269; Website: www.scotiabank.com. No load — deal directly with the company.) uses fundamental analysis to identify what the managers see as investments that have the potential for above-average growth.
The $609.0 million Scotia Canadian Growth Fund’s 10 largest holdings are Manulife, Suncor Energy, Royal Bank, TD Bank, Goldcorp, Petro-Canada, CN Railway, CIBC, Sun Life Financial and EnCana.
Scotia Canadian Growth currently holds 31.5% of its portfolio in the Financial services industry. Its next-largest holding is Energy at 19.7%.
Over the last 10 years, Scotia Canadian Growth posted a 6.7% annual rate of return. That’s less than the S&P/TSX’s return of 10.0%. The fund gained 14.8% over the past year, compared to a gain of 17.3% for the S&P/TSX. Scotia Canadian Growth’s MER is 2.19%.
Scotia Canadian Growth Fund is a buy.