19. Bull, Bear & Beyond – Canadian General Investments in 60 seconds

Edison’s investment companies team recently published a CGI review. The company has an enviable record of outperformance versus the Canadian market; 1.4 and 2.3pp per annum over the last 25 and 50 years respectively. While CGI offers a one-stop shop for investment in Canada, up to 25% of the portfolio may be invested in US stocks. Manager Greg Eckel is unconstrained by the benchmark’s sector weightings, with a very long-term underweight in financial stocks and a meaningful above-market allocation to technology. Portfolio turnover has picked up from historic very low levels, partly due to the deployment of a recent drawdown of the company’s margin facility. CGI has a progressive dividend policy and 2024 will mark the 11th consecutive year of higher dividends.

**************************************************************************************

About ‘Bull, Bear & Beyond’

Bull, Bear & Beyond': features candid conversations with senior executives and from our own team of experts from across industries, exploring strategy, innovation, and the opportunities shaping their markets and 60-second pieces are a compressed summary of content designed to convey our message in a single, easily shareable hit.

About Edison:

Edison is a content-led IR business. We believe quality investment content should inform all investors, not just brokers. Our mission: engage and build bigger, better-informed investor audiences for our clients.

Edison covers 50+ investment trusts, read about them here: https://www.edisongroup.com/equities/investment-companies/

Original interview published on 13/11/2024 and reposted as a podcast