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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.
Investment Companies
Investment Companies
Investment Companies
Investment Companies
Director, Investment Trusts
Jonathan A. Morgan
President and CEO
Vanessa L. Morgan
Chairman
| % | 1M | 3M | 12M |
|---|---|---|---|
| Actual | 0.5 | 1.3 | (20.4) |
| Relative | 3.7 | 0.7 | (10.8) |
| 52 week high/low | C$42.4/C$28.9 |
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.
