Topic: How To Invest

AIC Diversified Canada Fund $46.42

AIC DIVERSIFIED CANADA FUND $46.42 (CWA Rating: Conservative) mainly holds shares of Canadian companies of average or above-average quality. It also holds stocks of some U.S. firms.

The $1.6 billion fund’s 10 largest holdings are Power Financial, Canadian Oil Sands Trust, TD Bank, Shoppers Drug Mart, Johnson & Johnson, Thomson Corporation, Brookfield Asset Management, Royal Bank, Manulife Financial and Royal Bank of Scotland. AIC Diversified Canada Fund holds just 23 stocks.

The fund holds 53.6% of its assets in Financial services stocks. The rest of the portfolio breaks down as follows: Consumer staples, 16.1%; Energy, 8.2%; Consumer discretionary, 7.5%; Health care, 7.0%, Industrials, 3.0%; Information technology, 2.3%; and Conglomerates, 1.5%.

Over the last year, the S&P/TSX Index gained 22.7%, mainly due to strength in Resource sector stocks. The fund made 11.3%. Its MER is 2.47%.

AIC Diversified Canada is a buy.

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