Buy for Top Stock Holdings

Article Excerpt

HARBOUR FUND $19.90 (CWA Rating: Conservative)(C.I. Mutual Funds, 151 Yonge St., 7th Floor, Toronto, ON M5C 2W7. 1-800-268-9374; Web site: www.cifunds.com. Load fund — available from brokers) invests in only 25 to 40 high-quality Canadian stocks, and it may hold stocks for four or five years to realize their value. The $4.2 billion Harbour Fund’s top holdings include Royal Bank, Bank of Nova Scotia, Suncor Energy, Falconbridge, Talisman Energy, Canadian National Railway, Alcan, EnCana Corp., TD Bank and BHP Billiton. The Harbour Fund gained 24.1% over the last year. Its MER is 2.35%. Harbour Fund holds about 19% of its total assets in cash. We don’t like the market timing aspect of holding a high cash balance, but overall we like the fund. Harbour Fund is still a buy. buy…

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