06:18:06 EDT Fri 19 Apr 2024
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Globe says microcap boosters see boom times for TSX-V

2015-10-01 08:06 ET - In the News

The Globe and Mail reports in its Thursday edition the market washout this past summer was terrible for the TSX Venture Exchange, but it may have produced some bargains. In a Globe special, Dianne Maley quotes Harrison Keenan at Dundee Goodman Private Wealth in Toronto as saying, "There are some amazing opportunities." The odds are not great for do-it-yourselfers. Of any 10 microcap stocks, one or two might do well, three or four will languish and the rest "will go bankrupt," Mr. Keenan says. Diversifying is important. The best way to buy a carefully chosen mix of microcaps is through a pooled fund such as the Hillsdale Canadian Micro Cap Equity Fund, offered by portfolio manager Hillsdale Investment Management Inc. Hillsdale manages more than $1-billion in assets. The fund is also available to investors with discretionary accounts managed by a portfolio manager or investment counsellor. Since it was first offered as a stand-alone fund in December of 2013, the Hillsdale Canadian Micro Cap fund has handily beaten the benchmark S&P/TSX Small Cap Total Return Index. Chris Guthrie, also at Hillsdale, expects Canadian microcaps to be one of the best performing asset classes over the next five years.

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