Market Outlook

Economic cross-currents continue to buffet the financial markets. Despite gloom and doom from some market prognosticators, the global economy continues to grow slowly, as the world’s largest economy, the U.S., continues to grow, supported by low unemployment levels and income growth. The continued slow growth accompanied, by low interest rates, and reasonable market valuation provides an attractive backdrop for investors in the Leaders and Conservative Growth funds, as our portfolio of value building companies trading at discounted valuations should appreciate strongly over coming periods.

TOP PICKS:

Alaris Royalty (AD.TO)  

It’s a leading alternative financier to non-resource companies. The company has excellent management, a conservative balance sheet, and an excellent track record of building value and increasing dividends since its inception. We own it and believe the stock is undervalued at 14 times earnings and 5.3 percent dividend yield. 

Gilead Sciences (GILD.O)

The world leader in developing and selling AIDS and Hepatitis medicines. The company is growing swiftly on the back of the launch of 2 new “best in class” Hepatitis medicines that are going to be the most successful drug launches in history. Trades at an inexpensive 8 times earnings. 

Magna International (MG.TO)

The world’s second largest autoparts and autotech company which continues to grow as it takes advantage of the globalization of the automobile business. Company continues to grow profitably and trades at an inexpensive 7 times earnings and pays a growing dividend. 

Past Picks: Apr. 9, 2015

Anthem (ANTM.N)

Element Financial (EFN.TO)

Neptune Technologies & Bioressources (NTB.TO)

Total Return Average : -19.61%