Quality stocks at a discount

Article Excerpt

UNITED CORPORATIONS $46.50 (Toronto symbol UNC) (165 University Avenue, 10th Floor, Toronto, Ontario M5H 3B8. 416-947-2583. Buy or sell through a broker) invests in a wide variety of average- to above-average quality Canadian and foreign stocks. United Corporations’ $676.1-million portfolio is invested 35.3% in Canadian equities, 23.7% in the U.S., 20.2% in Europe, 12.5% in Asia, 6.3% in the U.K. and 1.0% in Mexico and Latin America. The fund’s largest holdings include: Bank of Nova Scotia, EnCana, Royal Bank, Nexen, Potash Corp., Chevron, CVS Caremark, Manulife, TD Bank, Roche Holdings and BASF AG. United Corporations trades at a wide 21% discount to its net asset value. It pays an $0.80-a-share dividend, for a yield of 1.7%. United Corporations is still a buy. buy…