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Compiling comments that experts make about stocks while on public TV.

2017-01-11

Opinion for IGM Financial Inc. (IGM-T)

Signal Price Bias Subject Owned
DON'T BUY $40.840 UNKNOWN CANADIAN & FIXED INCOME No

This has been a tremendous growth story over the years. Has some concerns about conventional mutual fund managers as a whole, including this company. Financial services, specifically mutual funds and asset management is a mature industry that is not growing at 2, 3, 5 or 6X GDP growth rates any more. It is becoming more fee competitive. There are costly and disruptive regulatory forces on the horizon. To the extent that management fees will be phased out over time by regulatory action, it is going to prompt a lot of disruption.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council

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