Exploring the Recent Performance of Canadian General Investments
Understanding Canadian General Investments' Recent Updates
Canadian General Investments, Limited (CGI) has recently provided an update on its performance, showcasing significant investment metrics. As of a specified recent date, CGI reported its net asset value (NAV) per share at an impressive $76.67. This remarkable figure corresponds with a year-to-date return of 11.9% and a 12-month return of 22.3%, both measured with dividends reinvested.
Comparison to Benchmark Performance
When comparing these returns to that of the benchmark S&P/TSX Composite Index, which experienced a total return of 17.6% and 25.9% over the same periods, CGI’s performance demonstrates a competitive edge, particularly for investors seeking to balance risk and reward.
Leverage Strategy and Implications
CGI has adopted a leveraging strategy through bank borrowing, aimed at enhancing returns for its common shareholders. As of the latest reporting date, the leverage accounted for 12.5% of CGI's net assets, showcasing a slight decrease from the previous year's figure of 13.8% and from 13.2% recorded at the same time last year. This strategy reflects a calculated approach to optimizing investment returns while managing risk effectively.
Share Price Trends and Investor Returns
Turning to share price movements, CGI's common shares closed at $42.35, facilitating year-to-date and 12-month share price returns of 6.8% and 14.3%, respectively, once again factoring in dividends reinvested. This upward trend in share price suggests stability and investor confidence in the company's long-term growth potential.
Portfolio Sector Weightings Insight
Examining the sector weightings within CGI's investment portfolio provides valuable insights. As of the latest report, the sector allocations were as follows:
Sector Allocations
1. Information Technology: 23.8%
2. Industrials: 21.1%
3. Financials: 14.5%
4. Materials: 13.7%
5. Energy: 12.3%
6. Consumer Discretionary: 9.2%
7. Real Estate: 4.2%
8. Communication Services: 0.7%
9. Cash & Cash Equivalents: 0.5%
Top Investments Highlight
The top ten investments, which alone constitute 37.3% of the entire investment portfolio at market value, include notable names such as:
Highlighted Top Investments
1. Celestica Inc.: 5.2%
2. NVIDIA Corporation: 5.0%
3. Franco-Nevada Corporation: 4.2%
4. WSP Global Inc.: 3.6%
5. Shopify Inc.: 3.4%
6. Canadian Pacific Kansas City Limited: 3.3%
7. Mastercard Incorporated: 3.3%
8. Dollarama Inc.: 3.2%
9. MDA Ltd.: 3.1%
10. The Descartes Systems Group Inc.: 3.0%
Contact Information for Further Inquiry
For further details or inquiries, interested parties can reach out to Jonathan A. Morgan, the President & CEO, at the following contact points:
Phone: (416) 366-2931
Fax: (416) 366-2729
Email: info@canadiangeneralinvestments.ca
Website: www.canadiangeneralinvestments.ca
Frequently Asked Questions
What is the net asset value for CGI?
The net asset value for Canadian General Investments, Limited (CGI) is currently reported at $76.67 per share.
How does CGI's performance compare to the benchmark index?
CGI reported year-to-date returns of 11.9% while the benchmark S&P/TSX Composite Index yielded 17.6%, indicating competitive performance.
What leveraging strategy does CGI employ?
CGI utilizes a leveraging strategy through bank borrowing to enhance returns, with current leverage at 12.5% of net assets.
What are the major sectors in CGI's investment portfolio?
The major sectors include Information Technology (23.8%), Industrials (21.1%), and Financials (14.5%), among others.
How can one contact CGI for more information?
Interested individuals can contact Jonathan A. Morgan via phone at (416) 366-2931 or email at info@canadiangeneralinvestments.ca for further inquiries.
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