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BNN MARKET CALL: LESLIE LUNDQUIST

BNN-Business News Network

Leslie Lundquist is a vice-president and lead manager responsible for the income trust program at Bissett Investment Management. She is the lead manager of the Bissett Income Fund.

FUND STATS

Total assets$906.2-million

MER2.4%

Globe 5-star rating***

TOP FIVE HOLDINGS

Mullen Group I.F. 4.21%

Energy Savings I.F.4.09

Pembina Pipeline I.F.3.96

ARC Energy Trust3.73

Yellow Pages I.F.3.66

Performance

A-FundGroupPeer Index
1 year5.76%6.53.4
3 year13.5715.7713.59
5 year14.3116.4813.52

CURRENT PICKS

ARC Energy Trust (AET.UN-TSX)

$21.54

"Top-quality leadership and an excellent track record" make this pure play oil and gas trust top pick No. 1 for Ms. Lundquist.

Cominar REIT (CUF.UN-TSX)

$21.13

Cominar REIT offers high-quality property and management services. Ms. Lundquist sees value at today's price.

Cineplex Galaxy Income Fund (CGX.UN-TSX) $17.35

More than a movie provider, Cineplex Galaxy's hidden gem is its advertising business.

PAST PICKS: JULY 13, 2006

Focus Energy Trust (FET.UN-TSX)

Then: $22.35 Now: $17.15

Down: 23%

Davis & Henderson (DHF.UN-TSX)

Then: $18.25 Now: $19.30

Up: 6%

Tree Island Wire (TIL.UN-TSX)

Then: $8.80 Now: $8.41

Down: 4%

Outlook

"Rising interest rates may begin to slowly put the brakes on M&A activity in the REIT and business trust space," Ms. Lundquist says. Low gas prices and a strong Canadian dollar are putting downward pressure on oil & gas producers and service companies. She believes this environment favours buying quality equities.

BNN-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 marketcall@bnn.ca.

© 2007 The Globe and Mail. All rights reserved.

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