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MANITOBA TELECOM SERVICES $37.43 (Toronto symbol MBT; Shares outstanding: 78.3 million; Market cap: $2.9 billion; TSINetwork Rating: Average; Dividend yield: 3.5%; www.mts.ca) has attracted a $3.1 billion takeover offer from BCE Inc. (see page 38). Under the deal, Manitoba Tel shareholders can choose either $40 in cash or 0.6756 shares of BCE for every MBT share they hold. However, BCE plans to limit its overall cash spending, so most Manitoba Tel investors will likely receive 55% of their payout in stock and the remainder in cash....
ISHARES S&P/TSX GLOBAL GOLD INDEX FUND $13.31 (Toronto symbol XGD; buy or sell through brokers; ca.ishares.com) aims to mirror the performance of the S&P/TSX Global Gold Index, which is made up of 35 gold stocks from Canada and around the world. The ETF began trading on March 23, 2001. Its MER is 0.61%. The fund’s top holdings are Barrick Gold at 14.6%; Newmont Mining, 12.4%; Goldcorp, 11.2%; Franco-Nevada, 8.7%; Agnico-Eagle Mines, 6.8%; Randgold Resources (ADR), 6.2%; Kinross Gold, 4.5%; and AngloGold Ashanti (ADR), 4.4%. iShares S&P/TSX Global Gold Index is a hold.
GLOBAL X SILVER MINERS ETF $32.963 (New York symbol SIL; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Silver Miners Index. That index includes 21 international firms that mine, refine or explore for silver. It was developed by Germany-based Structured Solutions AG. Canadian firms make up 50.5% of the fund’s holdings, but it also includes miners in the U.S. (22.0%) and Mexico (21.0%). Its MER is 0.65%. The ETF’s top holdings are Tahoe Resources Inc. at 11.5%; Silver Wheaton, 11.1%; Fresnillo plc 10.7%; First Majestic Silver, 7.7%; Industrias Penoles, 7.3%; Coeur Mining, 6.0%; Pan American Silver, 5.7%; Hecla Mining, 5.1%; Fortuna Silver Mines, 4.7%; Alamos Gold, 4.7%; Mag Silver, 4.4%; and Silver Standard Resources, 3.8%....
GLOBAL X COPPER MINERS ETF $15.44 (New York symbol COPX; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Copper Miners Index, which includes 20 to 40 international companies that mine, refine or explore for copper. Germany-based Structured Solutions AG created this index. Canadian firms make up 36.6% of the ETF’s holdings. They also include companies based in Australia (14.2%), Peru (5.1%), Mexico (5.0%) and China (4.5%). The fund’s MER is 0.65%. Its top holdings are Teck Resources at 7.7%; Oz Minerals, 7.0%; CST Mining Group, 6.5%; Glencore plc, 5.8%; First Quantum Minerals, 5.8%; Capstone Mining, 5.6%; Kaz Minerals plc, 5.5%; Lundin Mining, 5.0%; Southern Copper, 4.8%; Freeport-McMoran, 4.7%; Sandfire Resources, 4.5%; and Grupo Mexico, 4.5%....