Two Canadian Buys for Large-cap Growth

Article Excerpt

TRIMARK CANADIAN FUND $19.97 (CWA Rating: Aggressive) (AIM Funds Management Inc., 5140 Yonge Street, Suite 900, Toronto, Ontario M2N 6X7. 1-800-631 -7008; Website: www.aimfunds.ca. Buy or sell through brokers.) uses a bottom-up stock-picking style (using fundamentals such as earnings, cash flow and low debt) that looks at valuation measures and then tries to pick stocks selling at a discount to long-term value. The fund’s 10 largest holdings are TD Bank, Bank of Nova Scotia, Manulife Financial, Power Corporation, Plum Creek Timber, Alimentation Couche-Tard, Thomson Corp., Yamana Gold, Toromont Industries and Molex Inc. The fund’s portfolio breaks down by sector as follows: Financials, 30.5%; Consumer discretionary, 19.1%; Information technology, 11.2%; Industrials, 9.5%; Materials, 8.2%; Consumer staples, 7.0%; Health care, 6.4%; Energy, 4.2%; and Telecommunication services, 2.6%. Trimark Canadian Fund’s one-year loss is 6.6%, compared to a gain of 10.0% for the S&P/TSX Index. That’s largely due to its high weighting in financial services stocks, which have moved down lately on concerns over asset-backed securities…

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