Uncovering Trusts – Canadian General Investments (CGI) – A one-stop-shop for investment in Canada

In this episode, our director of content, investment trusts Milosz Papst provides an overview of North America’s second-oldest closed-end fund established in 1930, which is listed on both the Toronto and London stock exchanges. He discusses the trust’s strong long-term track record, highlighting that a C$10,000 investment in the fund fifty years ago would have grown to more than C$3,000,000. He elaborates on the fund’s investment approach, which is bottom up but also considers the macroeconomic environment, and its low turnover. He highlights that up to 25% of its portfolio may be held in US-listed businesses, which are primarily in niche operations or areas that are under-represented in the Canadian market. He summarizes the manager’s views on the current investment environment and its recent portfolio activity. Finally, he comments on the fund’s dividend policy (and the fact that it qualified as AIC’s next-generation dividend hero), gearing and discount to NAV.

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About Uncovering Trusts: Uncovering Trusts is a podcast run by Edison analysts, which is released every two weeks. Subscribe to hear analyst interviews on how investment trusts maximise returns while managing risks for investors.