This Manulife dividend fund manager has doubled the return of the TSX over the past five years. Here’s what he’s buying and selling [Toronto Globe and Mail (Ontario, Canada)]
Canadian National Railway Company (CNI)
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Source: Toronto Globe and Mail
This Manulife dividend fund manager has doubled the return of the TSX over the past five years. Here’s what he’s buying and selling Prakash Chaudhari is holding a lot of cash right now, but the portfolio manager says it’s not a preventive move in the event of a market downturn. "We don’t concern ourselves with trying to forecast an economic downturn," says Mr. Chaudhari, managing director and senior portfolio manager at Manulife Investment Management. Instead, he prepares his fund to be resilient. "We look for companies with a strong competitive advantage. Our businesses, in a downturn, are taking market share and are able to remain profitable in a downturn. They’re strengthening their position in tough times and good times. These are great businesses that are getting better." Story continues below advertisement Mr. Chaudhari and his team oversee more than $22-billion in assets across six mutual funds and other institutional mandates. He’s the lead manager of the $1.8-billion Manulife
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News
- Five things to watch for in the Canadian business world in the coming week [Financial Post (Toronto, Ontario, Canada)]Financial Post
- CN Announces Remi G. Lalonde as Chief Commercial OfficerGlobeNewswire
- What's in Store for Canadian National (CNI) in Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- Bill Gates Is Raking In Over $1.26 Million Per Day In Dividend Income. Here Are The 5 Stocks Paying Him The Most [Yahoo! Finance]Yahoo! Finance
- Canadian National Railway (NYSE: CNI) had its price target raised by analysts at Stifel Nicolaus from $121.00 to $134.00. They now have a "hold" rating on the stock.MarketBeat
CNI
Earnings
- 1/23/24 - Beat
CNI
Sec Filings
- 4/8/24 - Form 6-K
- 4/5/24 - Form EFFECT
- 4/2/24 - Form 6-K
- CNI's page on the SEC website