A dividend fund that steers clear of Canadian bank stocks
Portfolio manager Stephen Groff explains that he doesn’t hate banks – he just worries about their future profitability. So, what does he like?
By Shirley Won
This interview has been edited and condensed.
Stephen Groff, a portfolio manager with Cambridge Global Asset Management, a unit of CI Investments Inc., doesn’t own Canadian banks in his domestic dividend mutual fund.
It’s an unusual call given that banks are index heavyweights, but it hasn’t hurt...
Read latest Globe Portfolio online.