Earn a 5.2% yield from IGM Financial

Earn a 5.2% yield from IGM Financial

While assets under management have declined with the recent market downturn, a recent acquisition will help lift IGM Financial’s business in China and add to earnings immediately.

We expect stock market volatility and higher interest rates to create more demand for the firm’s professional advisors.

The stock… Read More

Blue chip ETFs focus on Canada

Blue chip ETFs focus on Canada

These two blue chip ETFs hold mostly large-capitalization, widely traded stocks on the Canadian exchange. Both funds mirror, or track, the performance of major stock market indexes as opposed to narrower ones focused on resources or themes, such as solar power or biotech.
Blue chip ETFs… Read More

Little-known spinoff continues to shine

On June 22, 2017, Brookfield Asset Management Inc. (Toronto symbol BAM.A) spun off its specialty insurance business as a separate company called Trisura. Investors received one Trisura share for every 170 Brookfield shares they held.
The new firm gets little media/broker attention, even though the stock… Read More

IGM Financial Inc. yields 6.1%

IGM Financial Inc. yields 6.1%

As a seller of mutual funds and wealth management services, this firm’s fee income rises and falls with the value of the securities it manages.

Due to the drop in stock values, the shares are down 19% since the start of 2022. However, the current… Read More

Here are new ETFs for Canadian investors

This month we highlight a carbon credit ETF from TD Asset Management as well as an actively managed fintech ETF from Blackrock.
TD GLOBAL CARBON CREDIT INDEX ETF $36.87 (Toronto symbol TCBN) seeks to track the performance of a global carbon credit index, which measures the investment return of… Read More

Top insurers offer dependable dividends

These two insurers remain a great choice for steady dividend income, despite the recent volatility of stock markets and the resulting hit to their asset management income.
MANULIFE FINANCIAL CORP. $22 is a buy. The company (Toronto symbol MFC; Conservative-Growth Payer Portfolio; Finance sector; Shares outstanding: 1.9 billion;… Read More