Quality at a 20% discount

Article Excerpt

ECONOMIC INVESTMENT TRUST $59.64 (Toronto symbol EVT) holds a well-diversified portfolio of high-quality Canadian, U.S. and foreign stocks. The $378-million fund’s largest holdings include E-L Financial, Algoma Central Railway, Chevron, Nissan Motor, Royal Dutch Shell, BNP Paribas, Pfizer, ConocoPhillips, Allianz SE, BASF SE, ING Group and Vodafone Group plc. The fund holds 55.4% of its portfolio in Canada, followed by the U.S. (14.2%), Europe (22.9%), Asia (7.1%) and Australia (0.4%). Economic Investment Trust trades at a high 20% discount to its net asset value. The trust pays an annual dividend of $0.60 a share, for a 1% yield. It also pays periodic capital-gains dividends. Economic Investment Trust is a buy. buy…

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