IGM Financial: Rising Assets Under Management Supports Its High Dividend Yield

IGM Financial: Rising Assets Under Management Supports Its High Dividend Yield

IGM Financial’s wealth management business continues to attract high-net-worth clients at an accelerating pace, ensuring stable fee-based revenue generation even in volatile markets. Additionally, the company’s technology investments are enhancing advisor productivity and improving client experiences. This creates a sustainable competitive advantage in an increasingly… Read More

Canadian Blue Chips Dominate These Two Canadian ETFs

Canadian Blue Chips Dominate These Two Canadian ETFs

These two Canadian ETFs track Canada’s best-established indexes and provide low-fee exposure to widely traded blue chip stocks.
When you invest in ETFs, simpler is generally better. And each of these two Canadian ETFs provides a straightforward approach to investing in a selection of Canada’s top… Read More

These two benefit from a narrower focus

These two financial services providers continue to benefit from their recent plans to better focus on their core businesses. We still like both of these high-quality stocks, but prefer IGM for your new buying.
GREAT-WEST LIFECO INC. $52 is a hold. The insurer (Toronto symbol GWO; Conservative Growth… 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

Power profits with IGM

POWER CORP., $43.31, is a buy. The conglomerate (Toronto symbol POW; Shares o/s: 590.4 million; Market cap: $28.3 billion; TSINetwork Rating: Above Average; Dividend yield: 5.2%) owns 62.2% of IGM Financial (symbol IGM on Toronto). IGM is Canada’s largest independent asset management provider.
IGM owns 27.3% of robo-advisor Wealthsimple. Generally,… Read More

Sale gives POW a big gain

POWER CORP., $47.27, is a buy. The conglomerate (Toronto symbol POW; Shares outstanding: 590.9 million; Market cap: $30.2 billion; Rating: Above Average; Dividend yield: 4.8%) holds controlling stakes in Canadian financial services firms Great-West Lifeco (insurance) and IGM Financial (mutual funds). It also owns 16.5% of the Belgian holding… Read More