For the first time since I began managing Trimark Canadian Small Companies Fund in April 2011, its allocation to Canadian companies has materially topped 50%. Not only has the Fund’s domestic weighting risen, but its cash position is at 25% – up from between 6% and 8% earlier this year.
Why the increase? The Canadian market’s material underperformance has led to more buying opportunities than in the US, especially in the energy space.
I shared my insights into this in a recent interview with the Financial Post and discussed three Canadian companies to watch and one to skip.
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Note: The companies mentioned in the article were selected for illustrative purposes only and are not intended to convey specific investment advice.
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