CGRIF Canadian General Investments (PK)

EDISON EQUITY RESEARCH: CANADIAN GENERAL INVESTMENTS - 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’ investment objective is to provide better than average returns to investors by investing in a diversified portfolio of primarily Canadian equities. It aims to achieve this through prudent security selection, timely recognition of capital gains/losses and appropriate income-generating instruments.

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