Mawer New Canada Fund

Mawer New Canada Fund Premium Guru

Last Update: 09-12-2017
Related: Mawer Canadian Equity Fund

Number of Stocks: 54
Number of New Stocks: 5

Total Value: $1,181 Mil
Q/Q Turnover: 12%

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

Mawer New Canada Fund' s Profile & Performance

Profile

Mawer New Canada Fund’s inception date is January 8, 1988. It is managed by Martin Ferguson, CFA, and Jeff Mo, CFA.

The investment objective of the Mawer New Canada Fund is to invest for above average long-term returns in securities of smaller Canadian companies. Treasury bills or short-term investments, not exceeding three years to maturity, may also be used from time to time. This is a smaller capitalization fund and it is suit for investors seeking long-term, above average growth who can tolerate significant volatility, which means higher risk.

Web Page:http://www.mawer.com/mutual-funds/fund-profiles/mawer-new-canada-fund/

Investing Philosophy

"In order to achieve its investment strategy objectives, the Manager systematically creates a broadly diversi?ed portfolio of wealth-creating companies with excellent management teams bought at discounts to their intrinsic values. The Manager employs a highly disciplined, research-driven, bottom-up process and a long-term holding period to allow for investor recognition or corporate growth, and to minimize transaction costs."

Total Holding History

Performance of Mawer New Canada Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201619.311.967.3
20151.91.380.5
201412.113.69-1.6
3-Year Cumulative36.3 (10.9%/year)29 (8.9%/year)7.3 (2%/year)
201349.432.3917.0
201216.36160.4
5-Year Cumulative136.9 (18.8%/year)98.2 (14.7%/year)38.7 (4.1%/year)
20111.092.11-1.0
201023.9115.068.8
200951.2326.4624.8
2008-38.35-37-1.3
200716.635.4911.1
10-Year Cumulative222.7 (12.4%/year)95.7 (6.9%/year)127 (5.5%/year)
200615.3215.79-0.5
200518.044.9113.1
200429.5310.8818.7
200326.0628.68-2.6
200223.49-22.145.6
15-Year Cumulative785.7 (15.7%/year)164.2 (6.7%/year)621.5 (9%/year)
200129.03-11.8940.9
20008.13-9.117.2
19999.2121.04-11.8
1998-17.7628.58-46.3
199716.3633.36-17.0
20-Year Cumulative1191.4 (13.6%/year)339.2 (7.7%/year)852.2 (5.9%/year)
199644.3922.9621.4
19955.5337.58-32.1
1994-2.881.32-4.2
199363.4410.0853.4
199210.567.622.9
25-Year Cumulative3353.4 (15.2%/year)791.8 (9.1%/year)2561.6 (6.1%/year)
199110.9530.47-19.5
19905.46-3.18.6
198912.6131.69-19.1

Top Ranked Articles

Mawer Canada Comments on NCC Group Guru stock highlight
The Global Small Cap Fund had a tough quarter. A significant underweight exposure to domestically-oriented U.S. companies was one factor, but there were a few stocks that also weighed heavily on the portfolio. The biggest contributor to the Fund’s underperformance compared to the benchmark was NCC Group (LSE:NCC), a UK-based cyber-security company. During the quarter, it announced three unrelated but significant cancellations in its assurance division (where NCC is hired to test a client’s system to identify any potential breaches) and one contract deferral. The stock reacted quite negatively to this announcement and ended the quarter down 50%. What have we done in response? Nothing. Or at least that’s what it may look like on the surface. However, rest assured that not selling down our position (although we had been trimming it ahead of the quarter) or adding to it has very much been a conscious, active decision. Though we’re obviously not thrilled with the news, we have spoken to management at length; our interpretation is that the underlying business Read more...
Mawer Canadian Equity Fund Buys 2 New Stocks in 2nd Quarter Fund increases several other holdings
The Mawer Canadian Equity Fund (Trades, Portfolio) disclosed in a second-quarter portfolio update this week it purchased two new stocks and increased several other holdings by at least 30%. Read more...
Mawer Canada Comments on PC Jeweller Guru stock highlight
Another detractor was PC Jeweller (BOM:534809), an Indian jewelry company. The stock suffered along with the rest of the Indian market following Narendra Modi’s announcement to take 500 and 1,000 rupee notes out of circulation for ones with better counterfeit measures. PC Jeweller suffered as a large portion of its transactions are cash based which has affected sales in the short-term.
Read more...
Mawer New Canada Fund Axed Home Capital Group Stake in 2nd Quarter Canadian fund disclosed 4 new buys for the quarter
Managers from the Mawer New Canada Fund (Trades, Portfolio) disclosed four new holdings in their second-quarter portfolio update: Tecsys Inc. (TSX:TCS), AcuityAds Holdings Inc. (TSXV:AT), Firan Technology Group Co. (TSX:FTG) and AltaGas Ltd. (ATGFF). The fund also divested its stake in Home Capital Group Inc. (TSX:HCG). Read more...
Mawer Funds Comments on CCL Guru stock highlight
Instead, within the materials sector, our largest weight is CCL (TSX:CCL.B), a label printing company (as an example, it prints drug labels for the pharmaceutical industry). CCL’s management have succeeded in generating wealth for shareholders over the past few years, are good operators, and have grown the business nicely through smart strategic acquisitions at fair prices. Mr. Market has rewarded CCL for its strong execution, and the company was added to the TSX 60 in June. While CCL remains an important position, we have been trimming our stake into strength in order to manage its size within the portfolio.
Read more...
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Commentaries and Stories

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Mawer Investment Management 3rd Quarter Newsletter Discussion of markets and holdings Mawer New Canada Fund - Mawer Investment Management 3rd Quarter Newsletter
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Mawer Investment Management: Bayes for days What to do with signal Mawer New Canada Fund - Mawer Investment Management: Bayes For Days
Investors are constantly barraged with new information concerning their investments—and when it surfaces, they must weigh its significance and update their thinking and investment decisions accordingly. But this is more easily said than done. More...

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Mawer New Canada Fund Axed Home Capital Group Stake in 2nd Quarter Canadian fund disclosed 4 new buys for the quarter Mawer New Canada Fund,Warren Buffett - Mawer New Canada Fund Axed Home Capital Group Stake In 2nd Quarter
Managers from the Mawer New Canada Fund (Trades, Portfolio) disclosed four new holdings in their second-quarter portfolio update: Tecsys Inc. (TSX:TCS), AcuityAds Holdings Inc. (TSXV:AT), Firan Technology Group Co. (TSX:FTG) and AltaGas Ltd. (ATGFF). The fund also divested its stake in Home Capital Group Inc. (TSX:HCG). More...

WARREN BUFFETT, MAWER NEW CANADA FUND


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Mawer Canadian Equity Fund Buys 2 New Stocks in 2nd Quarter Fund increases several other holdings Mawer Canadian Equity Fund,Mawer New Canada Fund,L - Mawer Canadian Equity Fund Buys 2 New Stocks In 2nd Quarter
The Mawer Canadian Equity Fund (Trades, Portfolio) disclosed in a second-quarter portfolio update this week it purchased two new stocks and increased several other holdings by at least 30%. More...

CANADA, MAWER, EQUITY, 2Q, BUYS


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Mawer Investment Management: The Age of Data Monopolies From Justin Anderson, CFA, equity analyst Mawer New Canada Fund - Mawer Investment Management: The Age Of Data Monopolies
About a decade ago, was an investor to ask, “What are the best businesses? The ones nearly immune to competition?” the most robust options on the market were arguably two-way network-effect businesses. The essence of a network-effect business lies in the additional value that each new buyer or seller adds to the overall network. Two-way suggests that adding either a seller or buyer to the network creates additional network value. Even if new competition sprouts up offering a slightly better rating system or other improvements, the company commanding the existing network will more likely retain customers as that’s where the market is. The story of eBay (NASDAQ:EBAY) is a classic example of this kind of two-way network-effect business. TMX Group (TSX:X)—one of our recent better performers in the Mawer Canadian Equity Fund (Trades, Portfolio)—also falls into this two-way category. More...

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Mawer Funds Comments on Halma Guru stock highlight
Halma (LSE:HLMA) is engaged in the provision of sensor and detection technologies related to health and safety (e.g., automatic door sensors) and Mr. Market had taken a dour view of its published results toward the end of last year, specifically questioning some recent acquisitions. We have been shareholders of Halma for many years and have a great degree of confidence in its management team’s ability to allocate capital given a long track record of wealth-creating decisions for shareholders. While this trust isn’t set in stone, our opinion of the company’s management did not change materially as a result of the recent hiccups, and we have been rewarded so far this year as the stock has bounced back. More...

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Mawer Funds Comments on Tsuruha Guru stock highlight
While the market penalized Japanese drug store chain operator Tsuruha (TSE:3391) last year for what appeared to be greater pricing pressure in its dispensing business, our view was that a rise in pricing pressure would simply accelerate a consolidation in the drugstore industry. We believed that Tsuruha was well-placed to benefit from the consolidation trend given its strong operational and acquisitive track record. That thesis has remained intact, and the market has subsequently rewarded Tsuruha for the synergies it has been able to extract from its acquired assets. More...

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Mawer Funds Comments on Home Capital Guru stock highlight
Despite strong stock selection overall, there was a well-publicized exception within the portfolio. After having held Home Capital (TSX:HCG) the previous 15 years, a period in which the company consistently generated wealth for shareholders, a combination of regulatory enforcement, management changes, and, most crucially, acute funding risk caused a hefty reversal in Home Capital’s stock price. We exited the name when those funding risks became apparent as we ultimately lost confidence in the viability of the company’s business model. At Mawer, we define risk as the permanent impairment of capital, and in this case, the capital we had allocated to Home Capital was permanently impaired. We regret that we did not move faster and are disappointed with the outcome: it stings. But we are comforted by the fact that Home Capital did not command an overbearing position size within the portfolio; despite a negative reversal in the stock, a well-diversified portfolio provided a great deal of ballast. More...

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Mawer Funds Comments on CCL Guru stock highlight
Instead, within the materials sector, our largest weight is CCL (TSX:CCL.B), a label printing company (as an example, it prints drug labels for the pharmaceutical industry). CCL’s management have succeeded in generating wealth for shareholders over the past few years, are good operators, and have grown the business nicely through smart strategic acquisitions at fair prices. Mr. Market has rewarded CCL for its strong execution, and the company was added to the TSX 60 in June. While CCL remains an important position, we have been trimming our stake into strength in order to manage its size within the portfolio. More...

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Canada's Mawer Funds: Investment Newsletter 2nd Quarter 2017 Overview of funds and stocks from Canadian firm Mawer New Canada Fund - Canada's Mawer Funds: Investment Newsletter 2nd Quarter 2017
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Mawer Insights: When to Stand and When to Shift How do we cope with the frailty of knowledge inherent in markets? Mawer New Canada Fund - Mawer Insights: When To Stand And When To Shift
By Kara Lilly, CFA, investment strategist More...

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Mawer Canada Comments on PC Jeweller Guru stock highlight
Another detractor was PC Jeweller (BOM:534809), an Indian jewelry company. The stock suffered along with the rest of the Indian market following Narendra Modi’s announcement to take 500 and 1,000 rupee notes out of circulation for ones with better counterfeit measures. PC Jeweller suffered as a large portion of its transactions are cash based which has affected sales in the short-term. More...

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Rating: 5.0/5 (1 vote)

Mawer Canada Comments on NCC Group Guru stock highlight
The Global Small Cap Fund had a tough quarter. A significant underweight exposure to domestically-oriented U.S. companies was one factor, but there were a few stocks that also weighed heavily on the portfolio. The biggest contributor to the Fund’s underperformance compared to the benchmark was NCC Group (LSE:NCC), a UK-based cyber-security company. During the quarter, it announced three unrelated but significant cancellations in its assurance division (where NCC is hired to test a client’s system to identify any potential breaches) and one contract deferral. The stock reacted quite negatively to this announcement and ended the quarter down 50%. What have we done in response? Nothing. Or at least that’s what it may look like on the surface. However, rest assured that not selling down our position (although we had been trimming it ahead of the quarter) or adding to it has very much been a conscious, active decision. Though we’re obviously not thrilled with the news, we have spoken to management at length; our interpretation is that the underlying business More...

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Mawer Canada's 4th Quarter Investment Newsletter Review of economy and holdings Mawer New Canada Fund - Mawer Canada's 4th Quarter Investment Newsletter
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Mawer: 3 Investing Lessons from 2016 A turbulent year offers pearls of wisdom for the future Mawer New Canada Fund - Mawer: 3 Investing Lessons From 2016
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Diversify, Diversify, Diversify: Mawer Investments Commentary: How to invest in light of election uncertainty Mawer New Canada Fund - Diversify, Diversify, Diversify: Mawer Investments Commentary:
The U.S. presidential contest between Hillary Clinton and Donald Trump has certainly been a spectacle over the past months. Our clients have been asking us what all of it means for their investments. If Donald Trump becomes President what will happen to their portfolios? How much is a Clinton win already priced into markets? And what are we doing about it? More...

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Mawer Investment Management 3rd Quarter Newsletter Review of quarter and holdings Mawer New Canada Fund - Mawer Investment Management 3rd Quarter Newsletter
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Mawer Investment Newsletter 2nd Quarter 2016 Review of markets and holdings Mawer New Canada Fund - Mawer Investment Newsletter 2nd Quarter 2016
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Watch Out for Square Windows - Mawer Help minimize risk by rounding out your portfolio's edges. Mawer New Canada Fund - Watch Out For Square Windows - Mawer
On January 10, 1954, BOAC Flight 781 was on its way to Singapore from London when it stopped to refuel in Rome. It had only been flying for twenty minutes when it exploded in mid-air. All thirty five passengers onboard died. It was the second deadly airborne crash of this particular aircraft design, the de Havilland Comet, to occur in just over one year. The crashes eventually prompted national investigations. More...

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