Top fund for U.S. growth

Article Excerpt

SCOTIA U.S GROWTH FUND $6.20 (CWA Rating: Conservative) (Scotia Securities, 40 King Street West, 6th Floor, Toronto, Ontario M5H 1H1. 1-800-268-9269; Website: No load — deal directly with the company) finds undervalued companies by looking at their fundamentals. These include earnings, dividend yield, cash flow and debt level. It also attempts to evaluate company management. The $29.3-million fund’s top holdings include ExxonMobil Corporation, Oracle Corporation, Colgate-Palmolive, Chevron, Lockheed Martin, Gilead Sciences, GameStop Corp., Halliburton, Microsoft and Western Digital. The Scotia U.S. Growth Fund lost about 53% over the last year. However, a rise in the U.S. dollar cut that loss to 29% in Canadian dollars, compared to a loss of 26.5% for the S&P 500 in Canadian funds. The fund’s MER is 2.57%. Scotia U.S. Growth Fund is a buy. buy…

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