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Terms & Conditions


Information about specific issuers of securities has been made available by Value Partners Investments Inc. for the sole purpose of providing additional background information on the holdings in the Value Partners Pool(s) and is not intended to be investment advice about the merits of investing directly in these issuers. This information is based on information that is publicly available or that has been provided to Value Partners Investments Inc. by the portfolio managers of the Pools.

The complete holdings of a Pool are disclosed in its Statement of Investment Portfolio semi-annually. On a quarterly basis, each Pool discloses its top 25 holdings in its Summary of Investment Portfolio. Both these documents are available on our website. Value Partners Investments Inc. is a registered investment fund manager and has engaged registered portfolio managers to make decisions about the investments made by each Pool – these investment decisions are not made by Value Partners Investments Inc.

The information provided does not constitute individual, legal, investment or tax advice about any of the Pools or the issuers discussed therein. Please consult your own legal, investment and/or tax advisor prior to making a decision to invest in the Pools. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts documents and the prospectus of the Pools before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Volatility is Part of the Process

October 2023

VPI Canadian Equity Pool Newsletter


Market Volatility is Part of the Process

Market downturns present an opportunity to build ownership in companies at attractive valuations. Since the beginning of 2023, we have been actively adding to the Pool. So far this year, we increased the weight in multiple positions and purchased 3 new businesses – CN Rail, CPKC, and Hershey. The total investment is CA$269 million with an average dividend yield of 3.1%.


Hershey Unwrapped

In October 2023 we added a new company to the Canadian Equity Pool - Hershey. It’s a beloved international company producing chocolate goods, cookies and cakes with over 100 well-known brands in its portfolio. Hershey is a strong business and has an impressive track record of revenue and EPS growth.


Sun Life Financial

Sun Life is an international financial management firm with a well-balanced and diversified business structure. Sun Life has established multiple streams of revenue that include wealth management, group and individual insurance. It continues to show strong performance and has gained over a trillion dollars in assets under management.


TD Bank

TD Bank has been consistently raising their dividends over the years. In the last 5 years, half of their reported earnings were allocated to the shareholders through dividends and share buybacks while the other half was reinvested back into the business to support its growth.


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