investment


LEON’S FURNITURE LTD. $21 is a buy for aggressive investors. The retailer (Toronto symbol LNF; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 67.9 million; Market cap: $1.4 billion; Price-to-sales ratio: 0.6; Dividend yield: 3.0%; TSINetwork Rating: Average; www.leons.ca) sells furniture and appliances through 303 stores, mainly under the Leon’s and The Brick banners.


Leon’s now plans to transfer its 5.2 million square feet of wholly owned real estate holdings to a real estate investment trust (REIT)....
Canada’s population rose by 1 million in the past year and now exceeds 40 million. If current immigration levels and other trends continue, the population could top 50 million by 2043.


The influx of new people is accelerating the construction of residential housing across the country....
In October 2017, RioCan shifted its focus away from Big Box style suburban malls to properties in the downtown areas of six major cities: Toronto, Montreal, Ottawa, Calgary, Edmonton and Vancouver. Those cities now supply 92% of its rental revenue, up from 76% in 2017.


RioCan is also diversifying its operations with new developments that include retail, office and residential space.


We feel the REIT’s new strategy will continue to benefit investors as more and more consumers return to shopping malls in the wake of the COVID-19 pandemic....
Alcon shares let you benefit from the rapidly growing contact lenses and cataract surgery markets. The company’s technological leadership is also set to pay off for investors.

Alcon is a spinoff, with Novartis setting it up as a separate company in early 2019....
FREEHOLD ROYALTIES LTD., $13.68, symbol FRU on Toronto, holds the oil and natural gas rights on 6.4 million acres of land, mostly in Alberta and Saskatchewan, but also in British Columbia, Manitoba and Ontario. It has 900,000 acres of land in North Dakota, Louisiana and Texas.

The company collects royalties from over 380 oil and gas producers operating over 18,000 wells on its land....

VANECK VECTORS VIETNAM ETF, $13.46, is a buy for aggressive investors. This emerging-markets ETF (New York symbol VNM) taps the leading Vietnamese firms as well as foreign firms that get a significant share of their revenue from this Southeast Asian nation....

Allied Properties REIT and RioCan REIT both continue to raise their distributions for investors. And all in all, each trust remains attractive thanks to its high-quality properties and tenants.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $21.96, is a buy. The REIT (Toronto symbol AP.UN; Units outstanding: 128.0 million; Market cap: $2.8 billion; TSINetwork Rating: Average; Dividend yield: 8.2%; www.alliedreit.com) creates value for investors through its existing 199 office buildings and 13 properties under development, in major Canadian cities....

Insurers write policies, collect premiums from customers, and then invest those premiums to meet future claims. They’re required to invest significant amounts of that money in fixed-income instruments, namely bonds. That means high interest rates are a boon to their returns....
A: MSCI Inc., $469.33, symbol MSCI on Nasdaq (Shares outstanding: 80.1 million; Market cap: $37.9 billion; Finance sector; TSINetwork Rating: Average; www.msci.com) provides investment decision support tools for its clients to manage their investment processes worldwide.

The company operates through four segments: Index, Analytics, ESG and Climate, and All Other Private Assets.

The Index segment provides indexes for use in various areas of investment, including ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation.

The Analytics segment offers risk management, performance and portfolio management content, and services to provide a view of risk and return, and an analysis of market, credit and liquidity across asset classes....
Over the years, I’ve often mentioned that the biggest risk you face as an investor is your lifelong exposure to conflicts of interest. The daily costs of having these conflicts settled in somebody else’s favour start at low levels, but grow like compound interest....