Topic: How To Invest

CIBC CANADIAN EQUITY FUND $19.69

CIBC CANADIAN EQUITY FUND $19.69 (CWA Rating: Conservative) (CIBC Securities, 5140 Yonge Street, Suite 900, Toronto, Ontario M2N 6X7. 1-800-631-7008; Web site: www.cibc.com. No load — deal directly with the bank) looks at fundamentals like earnings, cash flow and debt level to identify companies that the managers see as having above-average growth potential.

The $399.3-million fund’s top holdings are: Royal Bank of Canada, EnCana, Research in Motion, Bank of Nova Scotia, CN Railway, Goldcorp, TD Bank, Canadian Natural Resources and Manulife Financial.

CIBC Canadian Equity holds 41.8% of its portfolio in resource stocks and 34.6% in finance stocks.

The fund’s 10-year annualized return is 2.5%, compared to 6.5% for the S&P/TSX. CIBC Canadian Equity lost 20.8% over the last year, compared to a loss of 17.7% for the S&P/TSX. The fund has a 2.21% MER.

CIBC Canadian Equity Fund is a buy.

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