The Globe and Mail reports in its Tuesday edition that Sprott Enhanced Equity Class manager John Wilson is cautious on investment opportunities outside Canada. The Globe's Jacqueline Nelson writes that Mr. Wilson says everyone is investing outside of Canada because of winnning returns. Mr. Wilson says, "But people aren't separating how much of that has just been in the decline in the Canadian dollar, versus how much is the underlying investments." A few key stocks boosted performance for Mr. Wilson, including the acquisition of Catamaran by insurer UnitedHealth Group for about $12.8-billion (U.S.). He says, "Our biggest contributors were actually more Canadian than U.S." The manager says: "We've structured our portfolio more with the view that we're going into a more range-bound market where we're not likely to break out into significant new highs. ... We could easily have a 10-per-cent to 15-per-cent correction along the way. And we use options, so we've wrapped our equity positions with some options to help mitigate some downside." Still, he likes Gilead Sciences and Enbridge, with those structures in place. The fund returned more than 7 per cent in the first three months of the year.