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...

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