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Flight Oil is now boarding
Riding oil prices higher requires some smart shopping for the right vehicle.Let's test drive three choices for the investor who wants decent power, but also a degree of comfort and convenience. On the sensible side, we have energy-focused mutual funds. For those who like a touch more horsepower, we have oil stocks and exchange-traded funds that track changes in oil prices, or indexes of energy stocks.
Fund pro looks to energy sector to lead recovery
WHAT ARE WE LOOKING FOR?It's worth looking at the top holdings of mutual funds to find out what the pros are up to in this market. You may gain comfort that they have bet on a stock that you may be considering. Or, you may figure it's just better to buy their fund. Today, we check out Mavrix Explorer, a small fund that has been gaining plenty of momentum lately.
CI Harbour fund manager's recent buying spree
WHAT ARE WE LOOKING FOR?The top holdings of stock mutual funds that took the big prize in their asset class at last month's annual Canadian Investment Awards.This week, we start with CI Harbour Fund run by CI Financial Corp.'s Gerry Coleman. In addition to taking the top award in the Canadian equity group, he was also named Morningstar's fund manager of the year.
How reading omens paid off
Hedge fund manager Nandu Narayanan placed a big bet on a looming U.S. housing and financial crisis - a move that has paid off in spades.During last year's devastating bear market, which has sent many rivals' investments deep into the red, his ''opportunistic'' funds, which he runs for CI Financial Corp., racked up robust returns of more than 40 per cent.
The best and worst of retail venture funds
WHAT ARE WE LOOKING FOR?A scorecard for retail venture funds in this bear market.These investments - commonly known as labour-sponsored venture capital funds - have been marketed on juicy tax credits.
Bottomless pit?
TORONTO (GlobeinvestorGOLD) -- There was much rejoicing on Thursday when the markets staged a huge late-day rally to finish with a big gain. The sigh of relief from Wall Street could be heard around the world as the S&P 500 ended the day up 6.9 per cent after dropping below the Oct. 10 intra-day low, touching 819 before the buyers took over.
Whitman's glass-half-full take on market
Marty Whitman, the octogenarian dean of deep-value investing, sees great bargains to be snapped up from the current stock market meltdown.''It's a great time,'' enthused the 83-year-old founder of New York-based Third Avenue Management LLC before speaking yesterday at a conference organized by AIC Ltd.
High-climbing funds can fall hard
WHAT ARE WE LOOKING FOR?The big losers among mutual funds in the recent Canadian stock market meltdown.A sharp retreat in commodity stocks sent the SandP/TSX composite index tumbling 12 per cent by this past Tuesday from its record high of 15,073 points on June 18.
Seeing opportunity in energy-exposed small caps
WHAT ARE WE LOOKING FOR?For do-it-yourself investors, checking out what the pros are buying in their mutual funds can be a way to get stock tips. It can also help understand a manager's strategy if you want to invest in a sector fund.
Make friends with a bear: ETFs for down markets
They have to be loving this summer's stock market drubbing over at the ETF company BetaPro Management.''Our record volume days are days that show a lot of red on the screen,'' said Howard Atkinson, the firm's president.
