This makes a nice addition to those with longerterm RRSP's that are difficult to trade, especially if held with a financial advisor. (the trade fees are usually too high)
The Sprott Canadian Equity fund is a decent longterm hold for those interested in an equity fund that usually outperforms. It's composed of 80% materials, and 14% energy stocks, cash and "other".
The interesting thing about this one is they also hold silver and gold bullion. 20% silver, 7% gold. Those are the 2 top holdings in the fund. The MER is 2.8% which is high, but it's an outperformer. I've held this since late 2009 and it's up over 52%.
79.7% is invested in Canada, 4.6% U.S., 14.8 International and .9% other.
Top holdings as of March 31, 2011 (it's really hard to get recent holdings for the Sprott family)
Silver Bullion & Certificates - 20.9%
Gold Bullion - 7.1%
SLG-X Sterling Resources Oil and Gas Producers Canada 2.4%
AVR-T Avion Gold Other Mines Canada - 2.3%
EAS-X East Asia Minerals Metal Mines Canada - 1.9%
CDH-T Corridor Resources - Canada - 1.8%
YNG-T Yukon-Nevada Gold Precious Metals Canada Stock - 1.6%
FR-T First Majestic Silver Precious Metals Canada - 1.6%
- South Boulder Mines - Canada - 1.5%
CSI-T Colossus Minerals Precious Metals Canada - 1.4%
http://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/summary/?id=54788
Note: considering the slide in SLG - Sterling Resources it is unlikely that Sprott continued to hold this equity after March, so use caution.
Note: considering the slide in SLG - Sterling Resources it is unlikely Sprott continued to hold this stock after March, so use caution.
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