Topic: How To Invest

CIBC Core Canadian Equity Fund $23.21

CIBC CORE CANADIAN EQUITY FUND $23.21 (CWA Rating: Conservative) (CIBC Securities, 5140 Yonge Street, Suite 900, Toronto, Ontario M2N 6X7. 1-800-631-7008; Website: www.cibc.com. No load — deal directly with the company.) uses a “bottom-up” approach (using fundamentals such as earnings, cash flow and low debt) to identify companies that trade at reasonable valuations and yet have growth potential.

The $627.6 million fund’s top holdings are Petro-Canada, EnCana, Manulife Financial, Falconbridge, Bank of Nova Scotia, TD Bank, Canadian National Railway, Bank of Montreal, Canadian Natural Resources and Suncor Energy.

CIBC Core Canadian Equity holds 33.4% of its portfolio in Financial services stocks and 26.4% in Energy stocks.

The fund’s ten-year annualized gain is 7.7%, compared to a gain of 10.6% for the S&P/TSX. CIBC Core Canadian Equity made 16.1% over the last year, compared to a gain of 19.6% for the S&P/TSX. The fund’s MER is 2.28%.

CIBC Core Canadian Equity Fund is a buy.

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