United offers a 28% discount

Article Excerpt

UNITED CORPORATIONS $47.20 (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 holds 39.9% of its $752.4-million portfolio in Canadian equities, 21.1% in the U.S., 23.1% in Europe, 8.1% in Asia, 6.6% in the U.K., 0.7% in Australia and 0.5% in Mexico. The fund’s largest holdings include Bank of Nova Scotia, EnCana, Royal Bank, Nexen, Potash Corp., Chevron, CVS Caremark, Manulife, TD Bank, Roche Holding, Adidas AG, Nestle AG and BASF AG. United Corporations trades at a wide 28% 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…