Sprott Asset Management
Dennis Mitchell, Senior Vice President at Sprott Asset Management, on the three great unwinds and why economic data do not support synchronized global economic contraction more…
Mutual funds are common investments but can often cause some tax confusion, particularly because investors don’t understand the nature of their real
returns from these investments, after fees and taxes. Here’s a summary of what to watch for and where to get help.
The Trimark Fund is a bottom-up managed global equity fund
that has been one of my favourites for a long time now. The managers look for companies that are industry leaders, have strong barriers to entry, high
levels of free cash flow, and excellent management teams that have a history of generating high returns on invested capital. The companies trade at a
discount to what they believe the stock is worth. The result is a concentrated portfolio that holds between 30 and 50 names.
Franklin Bissett All Canadian Focus Fund
is a three-time Fundata A+™ Award winner, most recently in 2015. It is on track for another excellent
year with a September 2016 FundGrade™ Rating of B and a year-to-date return of 10.6%
as of Sept. 30, which incidentally also marks the end of its twelfth calendar year since inception. Besides performance credentials, this fund is
remarkable for another reason: For most of its recent history, it has been nearly 100% invested in Canadian equities, with a large-cap bias. I applied a
technique called Returns Based Style Analysis (RBSA) to capture a statistical picture of the fund manager’s style.
By Fund Library News Wire | Friday, October 21, 2016
By Mike Keerma
* TSX rallies on energy, gold.
* First Asset launches three ETFs based on CIBC Index Strategies.
Pressured by the prospect of another quarter of fading corporate profitability, and troubled by uncertainties surrounding the U.S. election and the timing
of the Fed’s next rate hike, the S&P 500 Composite Index
edged up a barely visible 0.4% on the week, while the Nasdaq Composite Index posted a 0.8% advance. Toronto’s
benchmark S&P/TSX Composite Index, buoyed by a rally in
energy issues and a 1.2% gain in the price of gold, posted a more robust 2.4% advance on the week.