IGM-T
Have long been the highest cost provider but he does not know if that is still the case today. They have a lot more headwinds than tailwinds.
Have long been the highest cost provider but he does not know if that is still the case today. They have a lot more headwinds than tailwinds.
Banging its head against his EBV +3 level. Closed at $43.48, and he has a model price of $49.17, a 36% upside. However, the regulatory environment in Canada is really, really tough, and he doesn't see it changing anytime soon.
Banging its head against his EBV +3 level. Closed at $43.48, and he has a model price of $49.17, a 36% upside. However, the regulatory environment in Canada is really, really tough, and he doesn't see it changing anytime soon.
As an established Canadian company, this has one of the higher dividends, close to 6%. This has been under pressure from the move away from commission based products to EFT’s, etc. The company is now positioned and the stock has been washed out. Being in one of the great bull markets of history, it is going to help all stocks, and this company is going to do just fine.
As an established Canadian company, this has one of the higher dividends, close to 6%. This has been under pressure from the move away from commission based products to EFT’s, etc. The company is now positioned and the stock has been washed out. Being in one of the great bull markets of history, it is going to help all stocks, and this company is going to do just fine.
It has issues. Its underlying mutual funds are generally high fees. It is more vulnerable to a sell off because the shares are expensive, 17 times PE. The mutual fund space is being hit with lower fees.
It has issues. Its underlying mutual funds are generally high fees. It is more vulnerable to a sell off because the shares are expensive, 17 times PE. The mutual fund space is being hit with lower fees.
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.
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.
If you are coming into this as a new investment, he would prefer Power Financial (PWF-T) because you have investors group as well as Great West Life (GWO-T). While not as exciting, it would be a good hedge in that it would stand to benefit from a rising interest rate environment. However, IGM is at a low right now, so doesn’t think you will be hurt by continuing to own it.
If you are coming into this as a new investment, he would prefer Power Financial (PWF-T) because you have investors group as well as Great West Life (GWO-T). While not as exciting, it would be a good hedge in that it would stand to benefit from a rising interest rate environment. However, IGM is at a low right now, so doesn’t think you will be hurt by continuing to own it.
Shares could suffer when the new regulations come into place on July 15. They will force brokers and mutual funds to fully disclose all embedded fees within the clients’ statements. Thinks there will be more passive investing.
Shares could suffer when the new regulations come into place on July 15. They will force brokers and mutual funds to fully disclose all embedded fees within the clients’ statements. Thinks there will be more passive investing.
It is a steady eddie. It is a good long term play. He would not own it right now. There is uncertainty with regulatory changes coming to the industry so he would not buy it right now.
It is a steady eddie. It is a good long term play. He would not own it right now. There is uncertainty with regulatory changes coming to the industry so he would not buy it right now.
Money has been coming out of equity mutual funds. Ironically this one has been doing very well relative to the industry over the last year. A tough business and could become even tougher on July 1 when CMR2 comes out, the new mandate of the OSC, where fees are going to be disclosed. Valuation is cheap, but there are too many headwinds. He would prefer Fiera Capital Corp (FSZ-T) which focuses on the institutional and US markets.
Money has been coming out of equity mutual funds. Ironically this one has been doing very well relative to the industry over the last year. A tough business and could become even tougher on July 1 when CMR2 comes out, the new mandate of the OSC, where fees are going to be disclosed. Valuation is cheap, but there are too many headwinds. He would prefer Fiera Capital Corp (FSZ-T) which focuses on the institutional and US markets.
First preferred 5.9% noncumulative 1st preferred series B? Wouldn’t classify this as a secure fixed income security, so it should be a very small portion of your fixed income portion. Wouldn’t be a buyer of the stock, but might consider this “preferred” as a Hold.
First preferred 5.9% noncumulative 1st preferred series B? Wouldn’t classify this as a secure fixed income security, so it should be a very small portion of your fixed income portion. Wouldn’t be a buyer of the stock, but might consider this “preferred” as a Hold.
We have an improving stock market and people generally under-own equities. If he wanted exposure to companies that benefit if the market recovers, then he would want to look at investment management companies, and this company fits that bill. This has a lot of exposure to Canada and Canadian investors, so it will benefit. He would prefer something that will benefit more from the US market. You should do fine with this as it will rally with the market, but he would prefer Blackrock (BLK-N), a big manager of ETF’s. ETF’s are growing like wildfire. They will also benefit from management fees they get paid managing these ETF’s. Dividend yield of 6.4%.
We have an improving stock market and people generally under-own equities. If he wanted exposure to companies that benefit if the market recovers, then he would want to look at investment management companies, and this company fits that bill. This has a lot of exposure to Canada and Canadian investors, so it will benefit. He would prefer something that will benefit more from the US market. You should do fine with this as it will rally with the market, but he would prefer Blackrock (BLK-N), a big manager of ETF’s. ETF’s are growing like wildfire. They will also benefit from management fees they get paid managing these ETF’s. Dividend yield of 6.4%.
Any mutual fund company in Canada is going to be very unpopular in this market. Despite the really good value, the stock has taken it on the chin. It has now fallen down to a level of about $31-$31.50, which is terrific support with huge upside potential. Has a wonderful yield 6.7%, and the yield is nicely covered.
Any mutual fund company in Canada is going to be very unpopular in this market. Despite the really good value, the stock has taken it on the chin. It has now fallen down to a level of about $31-$31.50, which is terrific support with huge upside potential. Has a wonderful yield 6.7%, and the yield is nicely covered.
All asset management companies have been hurt in the last year, partly because the markets haven’t done very much, and they get their fees on how their assets do. Also, there are new regulations coming into the mutual fund business that is putting pressure on fees, which are way too high. A well-run company. Owns this indirectly through Power Financial (PWF-T). Thinks the asset management companies are getting into a range here where they are decent investments. He would look at this one.
All asset management companies have been hurt in the last year, partly because the markets haven’t done very much, and they get their fees on how their assets do. Also, there are new regulations coming into the mutual fund business that is putting pressure on fees, which are way too high. A well-run company. Owns this indirectly through Power Financial (PWF-T). Thinks the asset management companies are getting into a range here where they are decent investments. He would look at this one.
Chart shows it has had 2 little bottoms, and is positive that the downtrend has been broken. Financials in general have been pretty weak. Until this one breaks out of the downtrend channel, he would not start a new position. Rising interest rates help financials. Dividend yield of 6.3%.
Chart shows it has had 2 little bottoms, and is positive that the downtrend has been broken. Financials in general have been pretty weak. Until this one breaks out of the downtrend channel, he would not start a new position. Rising interest rates help financials. Dividend yield of 6.3%.
The stock is at a very attractive level to Buy. The volume has been going up a little bit. There is no reason to think it is going any lower than it is right now.
The stock is at a very attractive level to Buy. The volume has been going up a little bit. There is no reason to think it is going any lower than it is right now.
(A Top Pick Jan 22/15. Up 13.22%.) This is an area that is hard to get representation in Canada. This segment of the market probably has good growth potential from here.
(A Top Pick Jan 22/15. Up 13.22%.) This is an area that is hard to get representation in Canada. This segment of the market probably has good growth potential from here.
He has no reason to think the dividend is not safe. The growth in the industry is stagnating. The only way to grow is to acquire. Margins are coming down. He has CIX-T in this sector and recommends it instead.
He has no reason to think the dividend is not safe. The growth in the industry is stagnating. The only way to grow is to acquire. Margins are coming down. He has CIX-T in this sector and recommends it instead.
An amazing sales machine. They have great margins. They will be subject to the transparency rules coming into force next year. Companies like this will figure it out.
An amazing sales machine. They have great margins. They will be subject to the transparency rules coming into force next year. Companies like this will figure it out.
It has come off a lot. The dividend is 6%. They have about 5000 consultants with Investors Group, who are increasing their assets. Having their own consultants should give them the ability to continue on.
It has come off a lot. The dividend is 6%. They have about 5000 consultants with Investors Group, who are increasing their assets. Having their own consultants should give them the ability to continue on.
59% owned by Power Financial (PWF-T). Has an attractive yield of 5.6%. Historically it increases its dividend every year or 2. The pace of increases has slowed more recently, but this is more a function that they are so large and they can’t grow as fast a pace as they could in the past. With the disclosure rules that are coming out for mutual fund fees, this is an overhang on mutual fund companies. Thinks the dividend is safe.
59% owned by Power Financial (PWF-T). Has an attractive yield of 5.6%. Historically it increases its dividend every year or 2. The pace of increases has slowed more recently, but this is more a function that they are so large and they can’t grow as fast a pace as they could in the past. With the disclosure rules that are coming out for mutual fund fees, this is an overhang on mutual fund companies. Thinks the dividend is safe.
(Market Call Minute) 5% dividend. They have a strong franchise.
(Market Call Minute) 5% dividend. They have a strong franchise.
One of the solid Canadian mutual fund companies. It has done well and is probably towards the higher end of its valuation right now. He would call this a “soft buy” here.
One of the solid Canadian mutual fund companies. It has done well and is probably towards the higher end of its valuation right now. He would call this a “soft buy” here.
You want to buy their stock and not their mutual funds. The industry had really consolidated. They had a lot of issues because a lot of funds are high priced. We are moving into a world where they have to take less and less money. They have some high MER products. Own other parts of the power group.
You want to buy their stock and not their mutual funds. The industry had really consolidated. They had a lot of issues because a lot of funds are high priced. We are moving into a world where they have to take less and less money. They have some high MER products. Own other parts of the power group.
(Top Pick May 22/14, Down 9.17%) It was about turning around redemptions. Earnings have gone up but there was compression of their multiple because of pressure on their fees. His price target is down a little from last year.
(Top Pick May 22/14, Down 9.17%) It was about turning around redemptions. Earnings have gone up but there was compression of their multiple because of pressure on their fees. His price target is down a little from last year.
Has a phenomenal franchise. Outperforming the industry with AUM growth. There are new regulations that come into effect over the next few years and there is the feeling that this will drive mutual fund fees down. This may not be good for IGM. They are a dual class share company and he is not a fan of that. They have outperformed and gained market share.
Has a phenomenal franchise. Outperforming the industry with AUM growth. There are new regulations that come into effect over the next few years and there is the feeling that this will drive mutual fund fees down. This may not be good for IGM. They are a dual class share company and he is not a fan of that. They have outperformed and gained market share.
(Top Pick Jan 22/14, Up 12.14%) Benefited from currency fluctuations. The technology sector runs a bit with the economy. You need to get your US content up and this is a safe way to do it. Good expense ratio. A good solid way to participate in the US tech sector. Broad diversification.
(Top Pick Jan 22/14, Up 12.14%) Benefited from currency fluctuations. The technology sector runs a bit with the economy. You need to get your US content up and this is a safe way to do it. Good expense ratio. A good solid way to participate in the US tech sector. Broad diversification.
The mutual fund industry is under pressure and is going to remain under pressure. There are new disclosure requirements coming out in July and he doesn’t know how that will impact it. Exchange traded funds are taking a bite. At the same time, this company has benefited from the stock market upsurge and it is a pretty good yielder. This is not an industry that he would like to be in right now.
The mutual fund industry is under pressure and is going to remain under pressure. There are new disclosure requirements coming out in July and he doesn’t know how that will impact it. Exchange traded funds are taking a bite. At the same time, this company has benefited from the stock market upsurge and it is a pretty good yielder. This is not an industry that he would like to be in right now.
Just announced they were cutting some of their fees, meaning their MERs will be lower and less income. This resulted in a drop in the stock price. If you want to be exposed to this company, he would do it through either Power Financial (PWF-T) or Power Corp. (POW-T).
Just announced they were cutting some of their fees, meaning their MERs will be lower and less income. This resulted in a drop in the stock price. If you want to be exposed to this company, he would do it through either Power Financial (PWF-T) or Power Corp. (POW-T).
Attractive 4.5% dividend yield. Business model has fat margins. It came from 20% overvalued to 5% undervalued. There is concern there will be a dramatic change once they reformat their statements.
Attractive 4.5% dividend yield. Business model has fat margins. It came from 20% overvalued to 5% undervalued. There is concern there will be a dramatic change once they reformat their statements.
61% owned by power financial. 4.2% dividend. Their assets will grow. She decided to hold Canadian banks. It is fine if you want a nice yield.
61% owned by power financial. 4.2% dividend. Their assets will grow. She decided to hold Canadian banks. It is fine if you want a nice yield.
This is a good company. Very well-managed. Their fund performance is decent. He was hoping for a share buyback. 4% dividend yield. You will do well with the stock.
IGM-T vs. MIC-T. He would prefer MIC-T. He likes the underlying fundamentals, but has always worried about a real estate downturn and how it would affect it. He prefers it to IGM-T where he does not see how the fee structure would be sustainable in the long run.