IVY ENTERPRISE FUND $4.23 invests in small and medium-sized companies. The $139.9 million fund has an MER of 2.38%.
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 Laboratories, Hibbett Sports, Astral Media, Canadian Western Bank, Daktronics Inc., Henry Schein and Stratasys Inc. The fund has lost 6.8% 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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