Canadian General Investments

Overview
Price performance
Financials
Research
Thematics

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.

Latest Insights

Investment Companies |
Review

07.05.24

Canadian General Investments — Adding to positive long-term performance record

Investment Companies |
Update

08.11.23

Canadian General Investments — Outperformance from doing what it says on the tin

Investment Companies |
Update

11.05.23

Canadian General Investments — Benefits from patient and consistent approach

Investment Companies |
Update

15.11.22

Canadian General Investments — Recent performance affected by top-down events

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Sector

Investment Companies

Equity Analyst

Mel Jenner

Director, Investment Trusts

Key Management

Jonathan A. Morgan

President and CEO
Vanessa L. Morgan

Chairman

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	0.8	3.4	11.3
Relative	2.0	(0.1)	4.1
52 week high/low	C$38.2/C$32.6

Overview

Canadian General Investments (CGI) has delivered a very commendable long-term performance versus the Canadian market. Longstanding manager Greg Eckel at Morgan Meighen & Associates (MMA) is unphased by stock market volatility, following a fundamental, long-term approach to stock selection. He has taken advantage of the maximum 25% permitted allocation to US stocks to increase CGI’s returns, including a position in NVIDIA, which has been in the portfolio since 2016. The manager is unconstrained by index sector weightings and has had an underweight exposure to financial stocks for many years. However, the underweighting in energy stocks has been reduced as the major companies in the sector are increasing their cash returns to shareholders via dividends and share repurchases. There are also two new positions in uranium companies, where the industry supply/demand balance is looking more favourable.