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.
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TOP FIVE HOLDINGS
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.
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
Mullen Group (MTL.UN-TSX)
Then: $19.42 Now: $16.27
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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