Top Quality at 23% Off

Article Excerpt

ECONOMIC INVESTMENT TRUST $99 (Toronto symbol: EVT) holds a well-diversified portfolio of high-quality Canadian, U.S. and foreign stocks. The $691.3 million fund’s largest holdings include E-L Financial, Algoma Central Railway, Chevron, Toyota Motor, Comcast, ConocoPhillips, General Electric, Posco, Renault, Citigroup and Sumitomo Mitsui Financial Group. The fund breaks down geographically as follows: Canada, 46.3%; the U.S., 18.6%, Europe, 19.8%, Asia, 14.4%; and Latin America, 1.1%. Economic Investment Trust now trades at a high 24% discount to its net asset value. The trust pays an annual dividend of $0.60 a share (for a current yield of 0.6%). It also pays periodic capital-gains dividends. Economic Investment Trust is a buy for its investment quality and discount to net asset value. value…

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