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.
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
ARC Energy Trust (AET.UN-TSX)
"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)
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
Davis & Henderson (DHF.UN-TSX)
Then: $18.25 Now: $19.30
Tree Island Wire (TIL.UN-TSX)
Then: $8.80 Now: $8.41
"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.
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