Skip navigation

Mutual Fund News


BNN-Business News Network

Alex Ruus is a vice-president and portfolio manager with Northern Rivers Capital Management. Today we look at Northern Rivers Conservative Growth LP.

Fund stats

Total assets$14.8-million


Globe 5-star rating


FundGroupS&P/TSX tot. return
6 mos.-8.33%-2.83-1.42
1 year15.437.5210.01
2 years27.8412.4515.19


ZCL Composites (ZCL-TSX)


Mr. Ruus continues to endorse ZCL Composites as the first of his top picks. He believes the company has a "competitive, sustainable advantage and that upside potential has yet to be fully realized."

WestJet Airlines (WJA-TSX)


Mr. Ruus believes this to be the "best airline in North America." Not having reached its potential, aggressively paying down debt, it remains a top pick.

Bank of America (BAC-NYSE)

$43.05 (U.S.)

This big U.S. bank is what Mr. Ruus calls a "steady Eddy" with solid management. He sees BOA as "the cheapest large-cap North American bank play."

PAST PICKS: NOV. 22, 2006

ZCL Composites (ZCL-TSX)

Then: $9.50 Now: $9.63

Up: 1.4%

WestJet Airlines (WJA-TSX)

Then: $13.70 Now: $22.20

Up: 62%

Bank of America (BAC-NYSE)

Then: $54.63 (U.S.) Now: $43.05

Down: 21.2%


Mr. Ruus believes the general stock market should generate mildly positive returns in the short term and that good valuations in the market are offsetting a weakening economy. He says "we have a very bullish outlook as there are many very undervalued opportunities in the market that we have bought for the Northern Rivers funds."

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

© 2007 The Globe and Mail. All rights reserved.

Search Fund News

Advanced Search

Only GlobeinvestorGOLD combines the strength of powerful investing tools with the insight of The Globe and Mail.

Discover a wealth of investment information and and exclusive features.

Free E-Mail Newsletters

  • Morning news headlines
  • Morning business headlines
  • Financial highlights
  • Tech alert
  • Leisure

Sign-up for our free newsletters

Back to top