IGM Financial Versus CIX and AGF
May 4th, 2012
The Dividend Ninja
Stocks15 comments
As a dividend investor I’m always on the lookout for a higher dividend yield with excellent metrics. Usually that is a hard fit to come by, since the higher the yield the higher the risk. An area that has come across my radar recently, are the Canadian asset management companies, which primarily sell mutual funds and provide wealth management services. I view this sector as an added level of diversification in the financial industry to banks and lifecos (life insurance companies).
The Asset Management Companies
Of the Canadian Asset Management companies, IGM Financial (IGM) is clearly the largest with over 108 billion dollars of assets under management (AUM). Most Canadians will recognize IGM through the Investors Group and Mackenzie group of mutual funds. While I currently do not own IGM, I sure would like to! This is a well run and well managed company, with solid fundamentals under the Power Financial group.
The Canadian banks also have their mutual fund families, with Royal Bank ...
