Canadian General Investments

Canadian General Investments (TSX: CGI)

Currency in CAD

Last close As at 28/11/2023

CAD34.29

▲ 0.24 (0.70%)

Market capitalisation

CAD715m

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 |
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

Investment Companies |
Review

12.05.22

Canadian General Investments — Keeping the faith during stock market volatility

Visit Website

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	4.6	(5.0)	(1.9)
Relative	(2.2)	(5.0)	(1.1)
52 week high/low	C$36.9/C$31.3

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.