CI Investment’s Signature Select Canadian Fund (Trades, Portfolio) focuses on long-term gains and through investing in common shares, convertible securities, preferred shares and dividends. It trades mostly companies based in Canada and is diversified across industry sectors.
The fund, which oversees $18 billion in assets, has earned a 9.35% compound return since inception in May 1998. Though diversified, the biggest industry represented in the fund is financial services, composing 26.4%, followed by energy at 15.9%.
Managers of the Signature Select Canadian Fund (Trades, Portfolio) reported this week that they chose 24 new stocks during the third quarter, for a total of 118 common stock positions. Their top buys were: Alibaba Group Holding Ltd. (BABA, Financial), Encana Corp. (TSX:ECA, Financial), Micron Technology (MU, Financial), Samsung Electronics Co. Ltd. (XKRX:005930, Financial) and Anthem Inc. (ANTM, Financial).
Alibaba Group Holding Ltd. (BABA, Financial)
The fund purchased 165,950 shares of Alibaba Group during the third quarter, a holding worth 1.74% of its stock portfolio. The company’s average price for the quarter was $93 per share.
Alibaba Group Holding Ltd. has a market cap of $222.13 billion; its shares were traded around $88.85 with a P/E ratio of 44.43 and P/S ratio of 11.82. Alibaba Group Holding Ltd. had an annual average earnings growth of 89.7% over the past 10 years. GuruFocus rated Alibaba Group Holding Ltd. the business predictability rank of 3-star.
Encana Corp. (TSX:ECA, Financial)
The fund purchased 1,271,100 shares of Encana Corp., worth 1.32% of its portfolio. The traded for a third-quarter average price of $12 Canadian dollars per share.
Encana Corp has a market cap of $15.83 billion; its shares were traded around $16.27 with and P/S ratio of 3.31. The trailing 12-month dividend yield of Encana Corp stocks is 0.96%. The forward dividend yield of Encana Corp stocks is 0.48%.
Micron Technology (MU, Financial)
The fund purchased 732,000 purchased 732,000 shares of Micron Technology, worth 1.29% of its portfolio. Its third-quarter share price averaged $15.
Micron Technology Inc. has a market cap of $22.31 billion; its shares were traded around $20.29 with and P/S ratio of 1.69. Micron Technology Inc. had an annual average earnings growth of 11.9% over the past 10 years. GuruFocus rated Micron Technology Inc. the business predictability rank of 2.5-star.
Samsung Electronics Co. Ltd. (XKRX:005930, Financial)
The fund purchases 16,700 shares of Samsung Electronics, a 1.26% portfolio weight. The stock’s third-quarter average price was 1,557,091 Korean won.
Samsung Electronics Co. Ltd. has a market cap of $248746.92 billion; its shares were traded around 1,759,000.00 Korean won with a P/E ratio of 12.25 and P/S ratio of 1.70. The trailing 12-month dividend yield of Samsung Electronics Co. Ltd. stocks is 1.18%. The forward dividend yield of Samsung Electronics Co. Ltd. stocks is 1.18%. Samsung Electronics Co. Ltd. had an annual average earnings growth of 12.7% over the past five years.
The fund purchased 72,650 shares of Anthem Inc., worth 0.9% of the portfolio. The stock’s third-quarter average price was $129 per share.
Anthem Inc. has a market cap of $37.85 billion; its shares were traded around $143.67 with a P/E ratio of 16.81 and P/S ratio of 0.47. The trailing 12-month dividend yield of Anthem Inc. stocks is 1.81%. The forward dividend yield of Anthem Inc. stocks is 1.8%. Anthem Inc had an annual average earnings growth of 11.4% over the past 10 years. GuruFocus rated Anthem Inc, the business predictability rank of 5-star.
See the portfolio of the Signature Select Canadian Fund (Trades, Portfolio) here. Start a free 7-day trial of Premium Membership to GuruFocus.
