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Associated equity: Canadian General Investments
Canadian General Investments’ objective is to provide better-than-average returns to shareholders 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 use of income-generating instruments. CGI’s performance is measured against the S&P/TSX Composite Index.
Canadian General Investments — 2 videos in collection
Edison’s investment companies team recently published a CGI review. The company has an enviable record of outperformance versus the Canadian market; 1.4 and 2.3pp per annum over the last 25 and 50 years respectively. While CGI offers a one-stop shop for investment in Canada, up to 25% of the portfolio may be invested in US stocks. Manager Greg Eckel is unconstrained by the benchmark’s sector weightings, with a very long-term underweight in financial stocks and a meaningful above-market allocation to technology. Portfolio turnover has picked up from historic very low levels, partly due to the deployment of a recent drawdown of the company’s margin facility. CGI has a progressive dividend policy and 2024 will mark the 11th consecutive year of higher dividends.
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