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Don't Read Too Much Into an Address
By Scott Ronalds The Asia Pacific is the fastest growing economic region in the world. Not surprisingly, many multinational companies are increasingly focusing on selling their goods and services in...
View Article25 in Action
By Scott Ronalds Quick background: CGOV Asset Management is the manager of our Equity Fund. The firm has a distinct investment process, one facet of which is that they won’t own more than 25 stocks. We...
View ArticleIncome Fund: A Focus on Dividend Growth
By Scott Ronalds Roughly one-third of our Income Fund is currently invested in stocks. Equities add both diversification and yield to the portfolio, which can be particularly beneficial in today’s low...
View ArticleGlobal Equity Fund - Why Japan?
By Tom Bradley One of the more ‘non-consensus’ strategies we’ve pursued over the last few years has been the Global Equity Fund’s commitment to Japan. Although there have been periods when Japan has...
View ArticleVideo: Equity Fund Update
By Scott Ronalds We sat down with Gord O’Reilly and a high definition camera earlier this month for an update on the Equity Fund. Gord is a founding partner at CGOV Asset Management, the firm that...
View ArticleVideo: Global Equity Fund Update
By Scott Ronalds U.S. stocks have been the sweethearts of the global equity markets over the past five years. Yet, they’ve gotten increasingly expensive in the eyes of our global equity manager,...
View ArticleVideo: Small-Cap Equity Fund Update
By Scott Ronalds Our Small-Cap Fund currently holds 15 stocks and is sitting on a fair amount of cash. Wil Wutherich, the manager of the fund, gives a rundown of its positioning in a recent discussion...
View ArticleGlobal Equity Fund Update
By Tom Bradley I recently had the chance to spend some quality time with Sandy Nairn, the CEO and founder of Edinburgh Partners (EPL is the manager of our Global Equity Fund). We had an extended lunch...
View ArticleVideo: Income Fund Update
By Scott Ronalds Our Income Fund is a key part of our balanced clients’ portfolios. It’s also the largest holding in the Founders Fund. Bonds are on many investors’ minds these days. They provided...
View ArticleStocks are Expensive ... But Not Everywhere
By Scott Ronalds We’ve written a fair amount on how stocks aren’t cheap these days (see Let’s Not Toss Valuations Out the Window). Price-to-earnings multiples (P/E’s) are at the higher end of their...
View ArticleSmall-Cap Equity Fund Update
By Tom Bradley On Wednesday and Thursday, Salman and I had the pleasure of visiting Montreal to do some research. We met a number of people, debriefed at charming street-side cafes and took in the old...
View ArticleHow We're Taking Advantage of Volatility
By Scott Ronalds The stock market has been highly volatile in recent weeks with China taking the spotlight away from Greece. As we note in our updated Outlook, the markets’ gyrations, both up and down,...
View ArticleGlobal Equity Fund Update
by Tom Bradley Some of you have recently voiced frustration with our Global Equity Fund’s returns. If you haven’t mentioned this to us directly, you may have thought it quietly. Well, your...
View ArticleSmall-Cap Manager Change
by Tom Bradley We’ve made the decision to change the manager of our Small-Cap Equity Fund. Galibier Capital Management is taking over portfolio advisor responsibilities, replacing Wutherich &...
View ArticleSmall-Cap Fund: Shedding some light on the new portfolio
by Scott Ronalds We announced last week that Galibier Capital Management is taking over portfolio advisor responsibilities for our Small-Cap Fund. Galibier has now taken the reins and has made a few...
View ArticleMeet our new small-cap manager: November 3 (Vancouver)
by Scott Ronalds If you live in the Vancouver area, we invite you to join us over lunch on Thursday, November 3, at UBC Robson Square for a “fireside chat” with the new manager of our Small-Cap Fund,...
View ArticleEquity Fund Update
by Salman Ahmed CGOV’s Gord O’Reilly and Steve Cocchetto recently provided our clients in Toronto an in-person update on the Steadyhand Equity Fund. Aided by thoughtful questions from the attendees,...
View ArticleIncome Fund update with Larry Lunn
by Tom Bradley Last week in Vancouver, we hosted a ‘Fireside Chat’ with Larry Lunn, the founder of Connor, Clark & Lunn Investment Management (CC&L), the manager of our Income Fund. After a...
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Global Equity Fund Update
by Salman Ahmed If you follow our newsletter you’ve likely seen the shot of Tom celebrating a hole-in-one in Scotland. Pretty cool. This wasn’t the only good thing to happen in Scotland. Tom and I...
View ArticleEquity Fund Update
by Scott Ronalds CGOV’s Ted Ecclestone was in Vancouver this week and gave an update on the Steadyhand Equity Fund to a group of our clients (CGOV Asset Management is the manager of the fund). Below is...
View ArticleGlobal Equity Manager News
by Tom Bradley Earlier today, Edinburgh Partners, the manager of our Global Equity Fund, made an important announcement. The owners of the firm have agreed to sell the business to Franklin Resources,...
View ArticleGlobal Equity Fund Update
by Salman Ahmed Edinburgh Partners’ Chief Executive Sandy Nairn visited Vancouver and Toronto last week to provide an update to our clients on the Steadyhand Global Equity Fund. Below is a review of...
View ArticleEquity Fund Manager News
by Tom Bradley Earlier today, CGOV, the manager of the Steadyhand Equity Fund, made an important announcement. The owners of the firm have agreed to sell the business to Fiera Capital. We know Fiera...
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It's a small (cap) world
by Scott Ronalds If you own units of the Steadyhand Small-Cap Fund, you own a unique collection of businesses, many of which you’ve probably never heard of. But don’t be thrown off by obscure sounding...
View ArticleManager change for the Global Equity Fund
by Tom Bradley Last week we emailed our clients to inform them that we’re changing the manager of our Global Equity Fund. Effective immediately, London-based Silchester-Velanne Asset Management Ltd.*...
View ArticleEquity Fund Update
by Salman Ahmed The manager of our Equity Fund, CGOV, was acquired by Fiera Capital this spring. Since the announcement, Tom and I have been thinking critically about what this means for our clients....
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Global Equity Fund: A look inside the new portfolio
by Scott Ronalds While in London, Tom recently had a chance to sit down with Velanne Asset Management’s Anne Gudefin. Velanne is the new manager of our Global Fund, and Anne is the firm’s founder and...
View ArticleA look inside our new Global Small-Cap Equity Fund
by Scott Ronalds While in Toronto this month, Tom sat down with the lead manager of our new Global Small-Cap Equity Fund, Magnus Larsson. Magnus is the Head of International Equities at TimesSquare...
View ArticleStock Snapshot — Philips
by Salman Ahmed You may recall a feature in our Quarterly Reports known as the 'Stock Snapshot' where we featured a company in one of our funds. We've moved the feature from the Quarterly Report to our...
View ArticleEquity Fund Update
We had some of the team from Fiera in to see us last week. As a reminder, Fiera (nee CGOV) manages the Steadyhand Equity Fund. Although the name of the fund manager changed when CGOV was merged into...
View ArticleGlobal Equity Fund — One Year On
by Salman Ahmed It’s been a year since we announced Anne Gudefin and Velanne Asset Management as the new manager of the Steadyhand Global Equity Fund. It’s fair to say that the fund has not gotten off...
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Stock talk: Conversations with our fund managers
by Scott Ronalds With the camera rolling, we recently sat down with our five managers for an update on the investment themes they’re pursuing and some of the compelling companies they’re finding. So,...
View ArticleOur managers are buying, and we are too
by Salman Ahmed We’re in the midst of the most dramatic fall in stock prices since 2008. Our fund managers have been responding to the volatility by adding to existing positions and making a few new...
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An update on our funds
by Salman Ahmed In March, I wrote that we were experiencing the most dramatic fall in stock prices in many years. This was swiftly followed by one of the fastest rebounds on record. Our managers have...
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Stock Snapshot: Brookfield Renewable Partners
by Salman Ahmed You may recall a feature in our Quarterly Reports known as the 'Stock Snapshot' where we featured a company in one of our funds. We've moved the feature from the Quarterly Report to...
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Stock Snapshot: Cargojet
by Salman Ahmed You may recall a feature in our Quarterly Reports known as the 'Stock Snapshot' where we featured a company in one of our funds. We've moved the feature from the Quarterly Report to...
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That summer BBQ, good for the soul. And your portfolio
by Scott Ronalds You’re hosting a BBQ with friends this evening. You’re in charge of the shopping, but are known to be easily distracted at the store. So your wife jots down a list, clear as day:...
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The water's calling: Investing in the marine industry
by Scott Ronalds Ever seen a Boston Whaler? They’re beautiful. Clean lines, leading-edge design, and that famous red stripe. They’re also unsinkable. You can literally cut the boat in two and drive...
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Manager change for the Global Equity Fund
by Tom Bradley Earlier this week we emailed our clients to inform them of a manager change for our Global Equity Fund. Aristotle Capital Management has taken over sub-adviser responsibilities for the...
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Global Equity Fund: Portfolio Update
by Salman Ahmed Last month we announced a new manager for our Global Equity Fund, Aristotle Capital Management. With the portfolio transition now complete, we wanted to provide an update on how the...
View ArticleGlobal Equity Fund: Shedding some light on the new portfolio (Video)
by Scott Ronalds After we replaced the manager of our Global Fund last fall, the portfolio underwent an overhaul. The fund has a new look under Aristotle Capital Management, with a greater focus on...
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Q: Do your funds hold any Russian companies?
by Scott Ronalds As Russia continues its invasion of Ukraine, western powers have stepped up their economic penalties in an effort to choke the Russian economy, starving it of the capital, liquidity,...
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Inflation and interest rates are on the rise. What it means for bond...
Inflation is reaching multi-decade highs. Interest rates are on the rise. And central banks are reducing monetary stimulus. What does it mean for bond investors? Our Co-Chief Investment Officer,...
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Domo Arigato, Mr. Roboto
by Scott Ronalds Rising wages and tight labour markets are a hot topic. Coupled with employee absenteeism due to COVID, it’s all taking a toll on companies around the globe. For manufacturers, one...
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An update on our funds amidst the market’s heightened volatility
by Tom Bradley It’s been a volatile start to the year. The list of issues on investors’ minds is long, topped by inflation, rising interest rates, COVID, supply chain problems, and of course, Vladimir...
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Video: The future of global tech stocks — is this an opportunity or is there...
Technology stocks have taken a beating in 2022. The narrative on the sector has shifted significantly compared to just a year ago when tech companies were the ‘darlings’ of the market. Is it time to...
View ArticleVideo: China, Asia, and Emerging Markets Investment Outlook
by Salman Ahmed China, Asia, and emerging markets have long shown promise but have produced mixed investment results recently. In the video below, David Oh, Head of Asia at TimesSquare Capital (the...
View ArticleVideo: Investing in Europe amidst a war and energy crisis
by Salman Ahmed A war in Europe has caused a humanitarian, political and energy crisis across the region. Despite these challenges, the Steadyhand Global Small-Cap Equity Fund continues to hold on to...
View ArticleVideo: Are small-cap stocks a good investment now?
by Salman Ahmed In this video, I talk to TimesSquare Capital's Magnus Larsson, the manager of our Global Small-Cap Equity Fund, about his outlook for global small-cap stocks and how he has positioned...
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Investing in the EV race: Why our money is on the wheels that make it go round
by Scott Ronalds Electric vehicles are the future, despite a recent slowdown in sales. They’re better for the planet, have fewer parts and lower maintenance costs (no oil changes, less brake wear),...
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