|Fund Codes||Class A|
|Managed By:||CI Investments Inc.|
|Advisors:||Cambridge Global Asset Management
Chief Investment Officer Alan Radlo
|Assets Under Management*:||$1,398.0 million|
|Portfolio Manager:||Alan Radlo and Brandon Snow|
|Asset Class:||Canadian Equity|
|Inception Date:||December 2007|
|Min. Initial Investment:||$500|
|Min. PAC Investment:||$50|
|Management Expense Ratio:||2.43%|
|Brookfield Asset Management||4.80%|
|Shoppers Drug Mart||3.14%|
Based on 3-year standard deviation relative to other funds in its category, from Globe Investor.
(Class A)Cambridge Canadian Equity Corporate Class (Class A shares)
This fund's objective is to achieve long-term capital growth by investing, directly or indirectly, primarily in equity securities of Canadian companies. Indirect investments may include convertible securities, derivatives, equity-related securities and securities of other mutual funds. Any change to the investment objective must be approved by a majority of the votes cast by shareholders at a meeting called to consider the change.
This chart shows you the fundīs annual performance and how an investment would have changed over time.
As at March 31, 2013
The Cambridge funds outperformed their benchmarks during the quarter, as we continued to favour non-cyclical sectors over commodity-based ones, U.S. stocks over Canadian and in our income-oriented portfolios, equities over bonds.
Our Canadian portfolio was generally overweight consumer staples, information technology, industrials and health care. We increased positions in natural gas-related stocks, as a colder winter improved prospects for producers due to a higher commodity price, and maintained positions in refiners and service/infrastructure providers. We added Canelson Drilling, Delek, Kelt Exploration and Seacor to the portfolio, and maintained large positions in Artek, Tourmaline Oil and Perpetual Energy.
Our U.S. portfolio benefited from overweight positions in the industrials and health care sectors. Energy, consumer discretionary and financial holdings and also made large contributions to performance, despite our underweight positions in these sectors. Our U.S. market strategy focused on the recovering U.S. housing market, particularly in construction-related areas. We maintained our long-term interest in the aerospace industry. A major new investment was Trinity Industries, a railcar and barge manufacturer and construction company. We also added construction equipment manufacturer Caterpillar.
The major change in our international investing strategy was the addition of many Japanese stocks across various sectors. Cambridge Global Equity outperformed due in part to overweight positions in industrials, health care and consumer discretionary, and underweight positions in materials and consumer staples. Despite being overweight, our position in financials also made a large contribution.
We have no immediate plans to invest in China, due to the unreliability of companies' financial reporting and the challenges that country faces transforming its economy from one based on production to one on consumption. If manufacturing production continues to ease there, this will likely continue to constrain global commodity prices.
Source: The Globe and Mail Inc.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. *Assets under management are as at the end of the most recent quarter ending March 31, June 30, September 30 or December 31.
|Funds mentioned at this website are available only to Canadian residents.||
© 2013 CI Financial Corp.