Topic: How To Invest

IVY CANADIAN FUND $20.80

IVY CANADIAN FUND $20.80 (CWA Rating: Conservative) invests in high-quality, large-capitalization stocks.

The $1.8-billion fund’s top holdings include: Thomson Reuters, Shoppers Drug Mart, Imperial Oil, Tim Hortons, Becton Dickinson & Co., McDonald’s, Colgate-Palmolive, Nestle SA, Bank of Nova Scotia and Reckitt Benckiser Group plc.

Ivy Canadian’s breakdown by industry includes: consumer staples, 35.4%; consumer discretionary, 18.9%; energy, 9.2%; financials, 8.6%; health care, 6.2%; and industrials, 6.2%.

Ivy Canadian made 1.8% annually over the last 10 years, compared to the S&P/TSX’s 5.0% gain. However, a high 40% or so of the S&P/TSX’s holdings are in resource stocks. That’s always one of the riskiest sectors, but it was also one of the best performing over the last few years. Ivy Canadian lost 22.4% over the last year. That’s less than the S&P/TSX’s 30.7% loss.

The fund’s MER is 2.35%. It holds 13% of its assets in cash.

Ivy Canadian Fund is a buy.

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