Leith Wheeler Canadian Equity

Leith Wheeler Canadian Equity Premium Guru

Last Update: 09-12-2017

Number of Stocks: 39
Number of New Stocks: 1

Total Value: $2,676 Mil
Q/Q Turnover: 8%

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

Leith Wheeler Canadian Equity' s Profile & Performance

Profile

Leith Wheeler Canadian Equity’s inception date is April 27, 1994. The total fund size is $1.5 billion. Within this fund, the top four sectors are Financials (33.3%), Energy (19.0%), Industrials (17.2%), and Consumer Discretionary (11.7%).
The investment objective of Leith Wheeler Canadian Equity is to provide superior long-term investment returns by investing in a diversified portfolio of Canadian common shares, convertible debentures and other equity related securities. Under normal circumstances the Fund will keep its portfolio fully invested, to the greatest extent possible, in equity and equity related securities.

Leith Wheeler Canadian Equity is managed by a team of investment professionals. The team members are Bill Dye, CFA, Head of Canadian Equities, David Jiles, CFA, Canadian Equity Analyst, Richard Liley, CFA, Canadian Equity Analyst, Patrick Reddy, CFA, Canadian Equity Analyst, Nick Szucs, CFA, Canadian Equity Analyst, and Bob Lau, CFA, Head of Equity Trading. They are well recognized within the investment community for their depth of knowledge and experience.

Web Page:http://www.leithwheeler.com/canadian-equity.htm

Investing Philosophy

“Our approach to stock picking is based on fundamental research with a strong “value” bias. Our test for value is viewing any investment we make as if we were “buying the whole business”. Our experience has been that the price of a company in the stock market does not always reflect its real value. This discrepancy between price and value creates excellent investment opportunities. As value investors, we tend to include companies in the portfolio when they are “out of favor” by the market and have declined in price. Companies can become undervalued when there is a lack of investor awareness; when an entire industry is out of favor with investors; or when a company experiences a short-term difficulty which, following careful analysis, we believe can be overcome. By purchasing these companies after a price decline, we find we are able to control risk in the portfolio as these investments often have less downside risk while offering a decent potential return.”

Total Holding History

Performance of Canadian Equity Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201628.8511.9616.9
2015-13.061.38-14.4
20147.3213.69-6.4
3-Year Cumulative20.2 (6.3%/year)29 (8.9%/year)-8.8 (-2.6%/year)
201323.0732.39-9.3
201213.6116-2.4
5-Year Cumulative68.1 (10.9%/year)98.2 (14.7%/year)-30.1 (-3.8%/year)
2011-6.242.11-8.3
201015.4215.060.4
200927.5426.461.1
2008-32.87-374.1
20079.085.493.6
10-Year Cumulative69.9 (5.4%/year)95.7 (6.9%/year)-25.8 (-1.5%/year)
200617.5515.791.8
200519.354.9114.4
200419.5310.888.7
200327.328.68-1.4
2002-1.22-22.120.9
15-Year Cumulative258.2 (8.9%/year)164.2 (6.7%/year)94 (2.2%/year)
20014.24-11.8916.1
200017.08-9.126.2
19997.2721.04-13.8
1998-4.628.58-33.2
199727.0633.36-6.3
20-Year Cumulative468.5 (9.1%/year)339.2 (7.7%/year)129.3 (1.4%/year)
199629.7822.966.8
19956.7237.58-30.9

Top Ranked Articles

Leith Wheeler Canadian Equity Fund's 4 Largest Buys Canadian value investors list latest picks from 2nd quarter portfolio
Leith Wheeler Canadian Equity (Trades, Portfolio) Fund bought one new stock and increased three holdings more by more than 100%, it disclosed in a second-quarter portfolio update this week. Read more...
» More Leith Wheeler Canadian Equity Articles

Commentaries and Stories

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Leith Wheeler Investment Funds 3rd Quarter Review Discussion of markets and holdings Leith Wheeler Canadian Equity - Leith Wheeler Investment Funds 3rd Quarter Review
Global capital markets responded to a series of positive developments during the quarter that suggest we are in the midst of a synchronized global economic recovery. Global economic growth during the third quarter was the strongest since mid-2010, and the composition of this growth is improving with global capital expenditure now expanding at the fastest pace in six years. More...

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Leith Wheeler Canadian Equity Fund's 4 Largest Buys Canadian value investors list latest picks from 2nd quarter portfolio Leith Wheeler Canadian Equity - Leith Wheeler Canadian Equity Fund's 4 Largest Buys
Leith Wheeler Canadian Equity (Trades, Portfolio) Fund bought one new stock and increased three holdings more by more than 100%, it disclosed in a second-quarter portfolio update this week. More...

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Leith Wheeler Investment Funds' Quarterly Review Managers comment on first quarter Leith Wheeler Canadian Equity - Leith Wheeler Investment Funds' Quarterly Review
Capital markets continued to perform strongly during the first quarter of 2017. Equity markets extended their recent gains, with international and US markets leading the way. The US market performed well as the economic recovery continues and, more importantly, sentiment of both consumers and businesses following the US Presidential election are at record highs. Whether these survey-based measures of sentiment translate into an improvement in hard economic data in the future remains to be seen. More...

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Which Canadian Bank Would Make the Best Investment? A dividend yield framework for ranking Canada's 5 big banks Leith Wheeler Canadian Equity,Signature Select Can - Which Canadian Bank Would Make The Best Investment?
Every quarter we like to reflect on which trades have performed well and which trades have performed poorly. In the last quarter some of our best-performing trades were in the Canadian financial sector. What we want to know is if we should consider further increasing our positions in Canadian bank stocks for long-term investments and, if so, which banks we should be considering. More...

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Leith Wheeler Fall Quiet Counsel: Inflation Mandate Renewal Discussion of Bank of Canada's overnight rate Leith Wheeler Canadian Equity - Leith Wheeler Fall Quiet Counsel: Inflation Mandate Renewal
The Bank of Canada is responsible for setting the Overnight Lending Rate, which influences all other borrowing rates in Canada. More...

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Leith Wheeler Investment Funds 4th Quarter Review Discussion of holdings and markets Leith Wheeler Canadian Equity - Leith Wheeler Investment Funds 4th Quarter Review
While there was no shortage of worries to contend with throughout the year, capital markets ended 2016 on an optimistic tone. Equity markets globally closed the year at or near recent highs, yields on government bonds were rising, and energy and industrial metal prices continued to recover. More...

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Leith Wheeler Investment Funds 3rd Quarter Review Overview of market and holdings for Canadian fund Leith Wheeler Canadian Equity - Leith Wheeler Investment Funds 3rd Quarter Review
After starting the quarter off with Brexit related volatility, financial markets resumed their upward movement during the third quarter. Canadian bond returns continued their strong performance year-to-date despite the subdued domestic economic outlook which caused the Canadian bond yields to move lower. More...

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Leith Wheeler Bought 5 New Holdings in 2nd Quarter Waste Connections was largest acquisition Leith Wheeler Canadian Equity - Leith Wheeler Bought 5 New Holdings In 2nd Quarter
Leith Wheeler Canadian Equity (Trades, Portfolio) added five new holdings to its portfolio in the second quarter. More...

BUYS, CANADA, LEITH WHEELER


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Leith Wheeler Investment Funds 1st Quarter 2016 Commentary Review of holdings and quarter Leith Wheeler Canadian Equity - Leith Wheeler Investment Funds 1st Quarter 2016 Commentary
Equity markets were turbulent in the first quarter of 2016. Canadian equities endured the worst start to a year in over a decade, with the TSX Composite down 11% at one point in January and 26% off its peak in late 2014. At that point, oil prices had reached $27, a stunning collapse from the highs of over $130 in 2014. More...

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Dividend Yield Investing in Canadian Financials CIBC offers the best combination of yield, growth potential and low risk Leith Wheeler Canadian Equity - Dividend Yield Investing In Canadian Financials
Investors use various methods for valuing financial companies, such as discounted cash-flow valuation, residual income valuation, as well as price multiple and momentum valuation. More...

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Leith Wheeler Investment Funds 4th Quarter Review Canada's Leith Wheeler reviews economy and investments Leith Wheeler Canadian Equity - Leith Wheeler Investment Funds 4th Quarter Review
With the notable exception of Canada, equity markets staged a broad recovery during the fourth quarter of 2015. Over the year, however, equities have generated lacklustre to negative returns, when measured in local currencies. In Canada, low commodity prices have continued to depress the market. This, along with the relative strength in the U.S. economy, created significant weakness in the Canadian dollar. Our Balanced Fund has had a higher exposure than its benchmarks to foreign equity investments and benefitted from the significant decline in the Canadian dollar. Fixed Income funds also generated positive returns as yields continued to decline over the year. This emphasizes the importance of having a diversified portfolio. More...

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Leith Wheeler Investment Funds 3rd Quarter Review Manager commentary from Canadian fund Leith Wheeler Canadian Equity - Leith Wheeler Investment Funds 3rd Quarter Review
The third quarter of 2015 was particularly challenging for investors, driven by a broad-based correction in global equity markets. In addition, fixed income markets provided little offset as bond returns were close to flat due to an increase of the yield differential between corporate and government bonds (also referred to as credit spread widening). As a result, balanced portfolios produced negative returns in the quarter. More...

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Leith Wheeler Investment Funds First Quarter 2015 Review
The first quarter of 2015 delivered strong returns for investors across all asset classes. While returns to Canadian equity markets were relatively modest, U.S. and international equity returns were high. In addition, bond markets continued to rally as Canadian bonds were boosted by both the Bank of Canada’s January interest rate cut and the start of quantitative easing – printing money and buying bonds – by the European Central Bank. More...

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Leith Wheeler 2015 Outlook - Quiet Counsel
Investment returns continued to be rewarding for Canadians in 2014. The Canadian stock market rallied 10.6%, bonds returned 9% and foreign stocks, particularly in the United States, benefited from a significant further weakening in the Canadian dollar (returns of U.S. denominated investments by Canadians are improved when the U.S. dollar is strengthening versus the Canadian dollar). More...

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Leith Wheeler Canadian Equity Fund Buys 3 New Stocks Leith Wheeler Canadian Equity Fund - Leith Wheeler Canadian Equity Fund Buys 3 New Stocks
Leith Wheeler Investment Counsel is a $16 billion value investing fund based in Canada, where investment firms are required to disclose holdings every six months. Managers at Leith Wheeler invest in companies that have a good business model and management team, looking for a margin of safety and holding for the long term. More...

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Dividend Yield Investing in Canadian Financials Leith Wheeler Canadian Equity - Dividend Yield Investing In Canadian Financials
Investors use various methods for valuing financial companies, such as discounted cash-flow valuation, residual income valuation, as well as price multiple and momentum valuation. Dividend yield investing is another common approach. In its simplest form, dividend yield investing involves identifying among a group of comparable companies the firms offering the highest dividend yields and then investing in those companies. More...

Dividend, Canada, Financials


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Leith Wheeler - 'Four Ways to Protect Yourself from Another Market Crash'
Six years ago this month, the venerable, 158-year-old investment banker Lehman Brothers collapsed and the world was plunged into the worst financial crisis since the Great Depression. As the sixth anniversary of the crash approaches, some investors are worried another one could already be around the corner. So just how have capital markets changed since then, and what have we learned? More...

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Leith Wheeler - 'Lessons Learned from the Great Financial Crisis' Leith Wheeler Canadian Equity - Leith Wheeler - 'Lessons Learned From The Great Financial Crisis'
Six years ago this September, a 158-year-old banking franchise went bankrupt. As we approach the anniversary of the collapse of Lehman Brothers and the global financial market panic that followed, we thought it was a good time to reflect on lessons learned from that period. More...

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Leith Wheeler Canadian Equity Q2 2014 Review
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Leith Wheeler Canadian Equity Q1 2014 Review

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