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Mutual Fund News

BNN MARKET CALL: ANDREW GUY

BNN - Business News Network

Andrew Guy is part of the portfolio management team of the Sentry Select Canadian Income Fund. Today we look at Sentry Select Diversified Total Return Fund.

fund stats

Total assets$11.2-million

MER2.46%

Globe 5-star rating

TOP FIVE HOLDINGS

Barrick Gold12.31%

BCE10.18

Teekay Tankers5.22

Linamar4.67

Toronto-Dominion Bank4.2

Performance

FundGroupS&P/TSX
3 mos.-3.49%1.29-1.25
6 mos.-3.151.60.72
1 year2.156.959.83

CURRENT PICKS

Toronto-Dominion Bank

(TD-TSX) $66.68

Simply by staying out of the ABCP mess, Mr. Guy says TD should trade at a premium to the other Canadian banks. With its strong retail growth and disciplined approach to the business, the bank will likely continue to outperform.

BCE (BCE-TSX) $34.90

Mr. Guy thinks the takeover by Ontario Teachers' Pension Plan will likely go through and the current discount to the takeout price suggests this is one of the lowest-risk ways to make money in the next three to four months.

Calloway REIT

(CWT.UN-TSX) $23.37

As Wal-Mart's landlord in Canada, Calloway is well positioned to benefit from the growth of that operation. Wal-Mart-anchored malls attract shoppers to all the stores and as a result, are attractive locations for all retailers.

PAST PICKS (Feb. 8, 2007)

Resolve Business Outsourcing Income Fund (RBO.UN-TSX)

Then: $9 Now $7.70

Down 3.7% (total return)

Yellow Pages Income Fund (YLO.UN TSX)

Then: $12.90 Now: $12.13

Up 1.9%

Mullen Group (MTL.UN-TSX)

Then: $19.42 Now: $16.27

Down: 7.8%

OUTLOOK

Mr. Guy says economic uncertainty will create market volatility for the next quarter, but the quick action by the U.S. Fed will limit the longer-term impact.

© 2007 The Globe and Mail. All rights reserved.

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