IVY ENTERPRISE FUND $3.73 invests in small-and medium-sized companies. The $108.5-million fund’s MER is 2.39%.
The fund’s overall choice of stocks doesn’t inspire our confidence. Its top holdings are: Richie Brothers Auctioneers, National Instruments, CH Robinson Worldwide, Idexx Labs, Resources Connection, Astral Media, Daktronics, Henry Schein and Meridian Bioscience. The fund has lost 8.6% over the last year.
We think investors can do better by buying some of the other small-cap funds we recommend in Canadian Wealth Advisor.
Ivy Enterprise Fund is a sell.
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