Canadian General Investments (TSX: CGI)

Last close As at 21/02/2024

CAD35.60

−0.14 (−0.39%)

Market capitalisation

CAD743m

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.

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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 0.85 2.62 9.44
Relative (0.42) (2.53) 4.68
52 week high/low C$36.9/C$32.6

Overview

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.

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