Mr. Cheng is president and chief investment officer for Aston Hill Financial and lead portfolio manager of the Arrow Canadian Income Fund. Mr. Cheng is the recipient of the 2004 Income Trust Fund of the Year award. Fund stats
Total Assets $18.2-million
Globe 5-Star RatingNot available
Top Five Holdings
Crescent Point Energy 4.6%
Chartwell Seniors Housing 4.4%
Canwest Media 4.3%
Cdn Oil Sands 3.8%
Cineplex Galaxy Income Fund (CGX.UN-TSX) $17.63
Harry Potter, Spider-Man and Pirates bring a blockbuster summer.
Chartwell Seniors Housing REIT (CSH.UN-TSX) $15.86
Chartwell REIT, a provider of retirement living for seniors. Mr. Cheng expects "trading north of $19."
Crescent Point Energy Trust (CPG.UN-TSX) $20.33
Mr. Cheng looks to this oil and gas producer for its "solid assets" and "above average reserve life".
AutoCanada Income Fund (ACQ.UN-TSX)
Then: $8.85 Now: $10.90 + 23.2%
Armtec Infra. Income Fund (ARF.UN-TSX)
Then: $16.69 Now: $19.15 + 14.7%
Canadian Helicopters (CHL.UN-TSX)
Then: $8.59 Now: $10.95 + 27.5%
Mr. Cheng believes the market is poised to continue to rally but warns of "a more subdued performance going forward." The S&P/TSX is up 22 per cent in the last 12 months and Mr. Cheng is looking for a rise of 10-12 per cent in the next 12 months.
Maureen Darrigo, BNNBNN-Business News Network presents Market Call live Monday to Friday at 12:30 p.m. ET/9:30 a.m. PT. To send a question to upcoming guests, e-mail firstname.lastname@example.org.
© 2007 The Globe and Mail. All rights reserved.
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