Chou RRSP Fund

Chou RRSP Fund Premium Guru

Last Update: 03-31-2015
Related: Francis Chou

Number of Stocks: 17
Number of New Stocks: 1

Total Value: $89 Mil
Q/Q Turnover: 3%

Countries: CAN
Details: Top Buys | Top Sales | Top Holdings  Embed:

Chou RRSP Fund' s Profile & Performance

Profile

Chou RRSP Fund's inception date is October 30, 1986. The fund is managed by Chou Associates Management Inc.

The Fund's objective is to provide long-term growth of capital by investing in equity and debt instruments of primarily Canadian businesses. The Fund may invest in equity and debt instruments of U.S. and foreign businesses. Investments may include common and preferred shares, convertible debentures, government and corporate bonds and short-term indebtedness. Unitholder approval is required in order to change the fundamental investment objectives of the Fund.

As of Dec. 31, 2013, his fund gained 8.3% per year for the past 15 years, compared with the 6.5%/year gain of S&P/TSX in the same period. Since inception, the fund gained 9.7% a year, while the S&P/TSX gained 7.5% a year.

Web Page:http://www.choufunds.com/

Investing Philosophy

The investment process followed in selecting equity investments for the Funds is a value-oriented approach to investing. This involves a detailed analysis of the strengths of individual companies, with much less emphasis on short-term market factors. Far greater importance is placed upon an assessment of a company's balance sheet, cash flow characteristics, profitability, industry position, special strengths, future growth potential and management ability.

Total Holding History

Performance of Chou RRSP Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201414.213.690.5
201321.2732.39-11.1
201234.151618.2
3-Year Cumulative85.8 (22.9%/year)74.6 (20.4%/year)11.2 (2.5%/year)
2011-20.732.11-22.8
201046.6215.0631.6
5-Year Cumulative115.9 (16.6%/year)105.1 (15.5%/year)10.8 (1.1%/year)
200927.826.461.3
2008-42.38-37-5.4
2007-9.255.49-14.7
20069.6315.79-6.2
200515.74.9110.8
10-Year Cumulative83 (6.2%/year)109.4 (7.7%/year)-26.4 (-1.5%/year)
200413.3610.882.5
200311.6228.68-17.1
200231.77-22.153.9
200117.09-11.8929.0
200016.49-9.125.6
15-Year Cumulative316.2 (10%/year)86.4 (4.2%/year)229.8 (5.8%/year)
1999-6.6721.04-27.7
199818.5328.58-10.0
199750.6433.3617.3
199622.0522.96-0.9
199519.0337.58-18.6
20-Year Cumulative907.7 (12.2%/year)554.6 (9.8%/year)353.1 (2.4%/year)
1994-10.561.32-11.9
199315.3610.085.3
19929.157.621.5
19914.4130.47-26.1
1990-11.34-3.1-8.2
25-Year Cumulative950.6 (9.9%/year)893.3 (9.6%/year)57.3 (0.3%/year)
198916.8531.69-14.8
198813.5216.61-3.1
19878.185.13.1

Top Ranked Articles

Chou RRSP Fund Buys Dundee Corp
The Chou RRSP Fund (Trades, Portfolio) began in September 1986 and invests in Canadian equities. Its investment strategy involves a detailed analysis of individual companies with little emphasis on short-term market factors. The portfolio is generally concentrated in 25 to 35 companies, and no more than 49% of net assets are invested in U.S. equities. Read more...
Chou RRSP Fund's Top Stocks Also Trading At Low P/E
In his annual shareholder letter, Chou RRSP Fund (Trades, Portfolio) manager Francis Chou (Trades, Portfolio) singled out six stocks that contributed to the fund’s 14.2% return in Canadian dollars, compared to the 10.6% return for the S&P/TSX Index. Coincidentally, three of these stocks — Torstar Corp (TSX:TS.B), Ridley (TSX:RCL), and Canfor Pulp Products (TSX:CFX) — are also trading near the low end of their historical P/E range. Read more...
Francis Chou Funds - Buys and Sells of Second Quarter
Francis Chou (Trades, Portfolio)’s RRSP fund mainly invests in equity and debt of Canadian businesses, though it sometimes ventures into U.S. investments. Read more...
» More Chou RRSP Fund Articles

Commentaries and Stories

  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

Chou RRSP Fund's Top Stocks Also Trading At Low P/E Chou RRSP Fund,Francis Chou - Chou RRSP Fund's Top Stocks Also Trading At Low P/E
In his annual shareholder letter, Chou RRSP Fund (Trades, Portfolio) manager Francis Chou (Trades, Portfolio) singled out six stocks that contributed to the fund’s 14.2% return in Canadian dollars, compared to the 10.6% return for the S&P/TSX Index. Coincidentally, three of these stocks — Torstar Corp (TSX:TS.B), Ridley (TSX:RCL), and Canfor Pulp Products (TSX:CFX) — are also trading near the low end of their historical P/E range. More...

CHOU RRSP FUND, FRANCIS CHOU, TORSTAR, RIDLEY, CANFOR PULP PRODUCTS


  • Currently 4.50/5

Rating: 4.5/5 (4 votes)

Chou RRSP Fund Buys Dundee Corp Chou RRSP Fund - Chou RRSP Fund Buys Dundee Corp
The Chou RRSP Fund (Trades, Portfolio) began in September 1986 and invests in Canadian equities. Its investment strategy involves a detailed analysis of individual companies with little emphasis on short-term market factors. The portfolio is generally concentrated in 25 to 35 companies, and no more than 49% of net assets are invested in U.S. equities. More...

FRANCIS CHOU, CHOU RRSP FUND, CANADA, DUNDEE


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Chou RRSP Fund 2014 Annual Shareholder Letter
Dear Unitholders of Chou RRSP Fund (Trades, Portfolio), More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Francis Chou Funds - Buys and Sells of Second Quarter Francis Chou,Chou RRSP Fund - Francis Chou Funds - Buys And Sells Of Second Quarter
Francis Chou (Trades, Portfolio)’s RRSP fund mainly invests in equity and debt of Canadian businesses, though it sometimes ventures into U.S. investments. More...

  • Currently 1.77/5

Rating: 1.8/5 (22 votes)

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