Managed Money Reporter Newsletter — Issue 112, May 1996

Editors: Carl Spiess & Allan McGlade

BPI Small-Cap Fund A Winner

Posts a 74.7% over last year and averaged 24.6% over five years

Small Cap Funds Capped!

Many of the small-cap funds are closing off sales to the public maintaining that they can't be too big and still retain the small cap fund mandate. We are very pleased with returns from small cap funds that we have recommended over the last year, but a number can no longer be purchased. The following funds are now closed for purchase:

Fund1 Year Return
20/20 RSP Aggressive Equity85%
Marathon Equity Fund60.6%
United Canadian Growth39%

BPI Small-Cap Still Open

BPI's Canadian Small Companies Fund is still open for purchase but probably not for long. We have added this fund to our recommended list and suggest, if you do not have a small-cap fund in your portfolio, add this one soon. The fund is managed by Steven Misener who takes a value approach to buying stocks looking for $1.00's worth of assets currently selling for $.50. His outlook on Canada and the stock market is quite positive until the end of the decade. He sees inflation remaining low and interest rates stable to slightly lower.

BPI On Recommended List

Before a fund or fund company is added to our recommended list a number of factors must be present; historical returns, a critical mass of assets to cover management expense ratios, marketing and fund information material and an electronic back office. This last point means the ability to accept buy and sell orders on a timely basis, which allows our clients the ability to get in and out of the market with relative speed. BPI are doing this and more. They have instituted an automated phone-in service where clients have 24 hour access to their account. You can receive account balance inquiry, latest fund prices, account transactions and even have your account statement faxed out immediately. Call our hotlines for more information on BPI and their funds.

Portfolio Manager Conference Call

As part of our increased service , we offer our clients the ability to listen into a conference call given by Kiki Delaney, manager of the United Canadian Growth and Canadian Equity funds on May 28. To hear Kiki's outlook on the markets, call 1-800-997-6246 @ 6:59PM.

On June 4, Dina DeGeer will also be available for the conference call. She is the former manager of Trimark Can. Fund and now Universal Can. Growth. Call the same telephone number @ 6:59PM on June 4th.

Estate Planning Seminar

Clients are also invited to attend an estate planning seminar given by Byren Innes, Associate Director at ScotiaMcLeod. The seminar will deal with death and taxes and show some investments utilizing insurance to retain more family assets. Held on Sept. 6th, in downtown Toronto. Please call 863-7777 to reserve seating.


Contact Us

T.  416.863.RRSP (7777)
F.  416.863.7479

ScotiaMcLeod is a division of Scotia Capital Inc., member of CIPF.

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The Spiess McGlade Team is a personal trade name of Carl Spiess and Allan McGlade.