Canadian General Investments - Outperformance from doing what it says on the tin
Canadian General Investments’ (CGI’s) manager Greg Eckel at Morgan Meighen & Associates (MMA) employs a steady, level-headed and patient approach to investing with low portfolio turnover. However, this strategy should not be underestimated as CGI has a very commendable long-term track record of outperformance. The manager is unconstrained by benchmark allocations and so far this year, CGI’s performance has benefited from a meaningful above-market weighting in technology companies and a larger below-market allocation to financial stocks. Having had an underweight exposure to energy stocks for many years, Eckel has been added to the sector as he believes that the current favourable commodity supply/demand balance is sustainable, while strong cash generation is enabling increased return to shareholders.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.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.