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STILL BULLISH AFTER ALL THESE YEARS
BOND YIELDS – HISTORICALLY LOW
United States Government Bonds - 10 Year Yield
Source: Bloomberg, September 6, 2013
STOCKS HAVE BEEN SOLD TO BUY BONDS
Cumulative fund flows since 2006 ($bn)
Source: BofA Merrill Lynch Global Equity Strategy, Bloomberg, July 31 2013
EUROPE – CRISIS CREATES OPPORTUNITY
AEROSPACE: TAILWINDS ARE BLOWING
SUNCOR ENERGY
CIBC
Source: Scotiabank GBM
MICROSOFT
GARMIN LTD.
CI CANADIAN INVESTMENT FUND
Asset allocation:
Geographic allocation:
Top 10 holdings:
Sector allocation:
Source: Globefund, August 31, 2013
TD Bank
4.81%
Royal Bank of Canada
4.35%
Suncor Energy
3.83%
Bank of Nova Scotia
2.70%
CIBC
2.41%
Canadian Natural Resources
2.33%
Magna International
1.98%
Teck Resources
1.98%
CGI Group
1.86%
Power Corp of Canada
1.82%
CI CANADIAN DIVIDEND FUND
Asset allocation:
Geographic allocation:
Top 10 holdings:
Sector allocation:
Source: Globefund, August 31, 2013
TD Bank
7.08%
Royal Bank of Canada
6.68%
Bank of Nova Scotia
6.18%
Mullen Group
4.51%
Johnson & Johnson
4.25%
CIBC
4.17%
Baytex Energy Corp.
3.91%
IGM Financial
3.90%
Crescent Point Energy
3.49%
Aimia Inc.
3.38%
POSITIVE BUDGET SURPRISE
Federal budget surplus / deficit
Percent of GDP
Source: Strategas Research Partners, June 30, 2013
Thank you
FOR ADVISOR USE ONLY
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prospectus before investing. Unless otherwise indicated and except for returns for periods less than one year, the indicated rates of return are the
historical annual compounded total returns including changes in security value. All performance data assume reinvestment of all distributions or
dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that
would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
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