Review: Canadian stock picking for the long term
Canadian General Investments (CGI) is a TSX- and LSE-listed investment company that provides actively managed exposure to Canadian equities. CGI’s NAV total returns have outperformed its S&P/TSX Composite Index benchmark over five years and the shares have additionally benefited from a narrowing discount during 2014. Well-established growth in the US economy is helpful for the Canadian market, while the negative effect of its above average energy exposure is arguably balanced by a lower P/E rating and, for CGI, by an underweight position in this sector. CGI also offers a 4.1% dividend yield and scope for further narrowing of the discount.Canadian General Investments is a closed-end investment fund focused on medium to long-term investments in Canadian corporations. Co.'s investment objective is to provide better than average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income generating instruments. As of Dec 31 2010, Co. had total investment portfolio valued at C$647,103,000 and total assets valued at C$651,038,000.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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