Canadian General Investments (TSX: CGI)

Currency in CAD

Last close As at 25/01/2023

CAD33.20

−0.23 (−0.69%)

Market capitalisation

CAD700m

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.

Equity Analyst

Melanie Jenner

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 1.8 7.4 (19.2)
Relative (3.6) (0.4) (19.3)
52 week high/low C$43.0/C$28.9

Overview

Canadian General Investments (CGI) is managed by Greg Eckel at Morgan Meighen & Associates (MMA). He explains that in 2022, the stock market has been driven by macroeconomic events and investors have essentially ignored company fundamentals, which are the long-term drivers of share prices. The manager is sticking to his principles and continuing to focus on stock selection – a strategy that has led to a very commendable long-term record of outperformance. Eckel believes that stock market volatility is likely to persist as central banks need to further tighten monetary policy to combat higher inflation; he does not anticipate a repeat of the V-shaped market recovery seen during the COVID-19 pandemic. If the macroeconomic backdrop improves, the manager expects quality companies to outperform, so for now he is ‘weathering the storm’ and looking forward to sunnier times.

Thematics

Consumer

IPO apocalypse

TMT

ESG, moving beyond the box tick

Investment Companies

The case for US capital markets

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