True North is a Low-risk Buy

Article Excerpt

FIDELITY TRUE NORTH FUND $26.33 (CWA Rating: Conservative) (Fidelity Investments Canada, 483 Bay St., Suite 200, Toronto, Ont. M5G 2N7. 1-800-263-4077; Web site: www.fidelity.ca. Load fund — available from brokers) uses a “bottom-up” approach (using fundamentals such as earnings, cash flow and low debt) to identify undervalued companies. Fidelity True North Fund’s top holdings include high-quality stocks such as Manulife Financial, EnCana Corporation, TD Bank, Sun Life Financial, Canadian National Railway, Canadian Natural Resources, Bank of Nova Scotia, Research in Motion and Talisman Energy. The fund’s breakdown by economic sector is: 31% in Financials, 20.6% in Energy, 14% in Materials, 8.4% in Information technology, 7.4% in Industrials, 6.6% in Consumer discretionary, and 2.2% in Consumer staples. The $5.4-billion Fidelity True North Fund’s one-year gain is 16.1%, compared to a gain of 19.6% for the S&P/TSX over the same period. The fund’s MER is 2.55%. Fidelity True North Fund is a buy. buy…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.