As I stated in my May column, one of the primary reasons for continued investor confidence in investment funds is the role of financial advisors. The 2020 Pollara Mutual Fund & ETF Investor Survey, which surveyed investors during the height of the pandemic, found that fund investors continued to have high levels of satisfaction with and trust in their financial advisors.
Ninety-six per cent of mutual fund investors and 98% of ETF investors who use an advisor were somewhat or very satisfied with the advice they received. Ninety per cent of mutual fund investors and 91% of ETF investors agreed that the advice they receive from their advisor is worth the fees they pay — an increase from 2019. Four-fifths of mutual fund and ETF investors said they have better saving and investment habits because of their advisor, again showing an increase from 2019.
It is also notable that mutual fund and ETF investors have high levels of confidence in their investment products. Investors’ confidence in mutual funds was the highest it has been since the survey’s inception in 2006. In 2020, 92% of mutual fund respondents stated that they were somewhat confident, confident or completely confident in mutual funds’ ability to help them reach their financial goals. For ETF investors, confidence stood at 88%.
I believe it is important for the investment funds industry to continually work to understand the different experiences and evolving needs of its investors. Despite the overall positive investment fund sales and asset growth, we know that the pandemic has hit Canadians in different ways. It is now well understood that lower wage earners have been hardest hit. As the Bank of Canada observed in its January 20 Monetary Policy Report, the highly uneven impacts of the pandemic will likely increase. Employment of low-wage workers was still close to 20% below the pre-pandemic level as of December 2020, while employment of other workers had more than completely recovered.
To strengthen our understanding of these divergent impacts, we will look at how investors across different wealth and income levels managed through the pandemic and approached investments in our next Pollara Mutual Fund & ETF Investor Survey.
In a year that saw great market volatility, we are pleased that investors ended the year on a high note with historically high asset levels buoyed by strong markets. However, there is no doubt that difficult times lie ahead, at least for the short term and especially for those most impacted by Covid-19. We will continue to monitor impacts through the use of IFIC’s asset and sales data, and through research that provides insight at the individual level.
Alliance MH2 says the province is currently dealing with a dangerous shortage of resources in its second-stage housing — where women and children go once they leave emergency shelters, but before they find permanent housing.
In the face of an increase in domestic violence during the COVID-19 pandemic, a coalition of community organizations is calling for investment in social housing in the next provincial budget.
The Front d’action populaire en réaménagement urbain (FRAPRU), a social housing group, and the Alliance des maisons de 2ième étape pour femmes et enfants victimes de violence conjugale (Alliance MH2) said at a press conference Sunday that social housing is “essential” for women victims of domestic violence.
Alliance MH2 said the province is currently dealing with a dangerous shortage of resources in its second-stage housing — where women and children go once they leave emergency shelters, but before they find permanent housing.
The coalition is also calling for the opening of 106 units in second-stage housing — units for which approval is being awaited. The Alliance MH2 said it has been waiting for these new units for the past year and a half — a delay it calls “ridiculous.”
Story continues below
This advertisement has not loaded yet, but your article continues below.
According to the coalition, only 66 per cent of women who leave second-stage housing were able to find affordable housing. FRAPRU is demanding the construction of 50,000 social housing units in the next five years.
From 2019 to 2020 alone, 75 per cent of requests for accommodation in second-stage housing in Alliance MH2 shelters in Montreal were refused and 37 per cent in other regions, the coalition said; some regions are not served at all.
It has been nearly three years since the provincial government tabled a strategic plan to combat domestic violence and develop a network of shelters, said Gaëlle Fedida, political coordinator of Alliance MH2. “It is time to act.”
Céline Magontier, who is in charge of women’s issues at FRAPRU, said “needs continue to grow with the shortage of social housing, the pandemic, the insecurity of Quebec society and, even more so, Quebec women.
“Social housing is being put into place in dribs and drabs,” she said. “It is unacceptable and (the government) must face up to its responsibilities.”
Sign up to receive daily headline news from the Montreal Gazette, a division of Postmedia Network Inc.
By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300
Thanks for signing up!
A welcome email is on its way. If you don’t see it please check your junk folder.
The next issue of Montreal Gazette Headline News will soon be in your inbox.
We encountered an issue signing you up. Please try again
The company has a price-to-earnings ratio of 13.62, price-to-book ratio of 2.08, dividend yield of 5.53%, and market capitalization of $1.43 billion. Debt is very sparingly used, as evidenced by a debt-to-equity ratio of just 1.77. The company has excellent performance metrics with an operating margin of 8.84% and a return on equity of 3.96%.
The objectives of the company are to provide shareholders with stable and growing dividends and to maximize intrinsic value through on-going active monitoring of the company’s operating subsidiaries. Management continuously monitors and provides support to the subsidiaries that operate autonomously.
Strong aerospace division
The company’s aerospace and aviation division includes a variety of operations within the aerospace and aviation industries. It includes providing scheduled airline, charter service and emergency medical services to communities located in Manitoba, Ontario, and Nunavut. Regional One is focused on supplying regional airline operators around the world with various aftermarket aircraft, engines, and component parts.
Provincial Aerospace provides scheduled airline, charter service and emergency medical services. The division also designs, modifies, maintains and operates custom sensor equipped aircrafts. Provincial Aerospace also provides maritime surveillance and support operations and also offers a full range of pilot flight training services, from private pilot licensing to commercial pilot programs.
Essential manufacturing services
The company’s manufacturing division provides a variety of manufactured goods and related services in several industries and geographic markets throughout North America. Quest Windows is a manufacturer of an advanced unitized window wall system used primarily in high-rise multi-family residential projects in North America. WesTower is focused on the engineering, design, manufacturing, and construction of communication infrastructure and provision of technical services. Ben Machine is a manufacturer of precision parts and components primarily used in the aerospace and defence sector.
LV Control is an electrical and control systems integrator focused on the agricultural material handling segment. WBM manufactures specialized heavy-duty pressure washing and steam systems, commercial water recycling systems, and custom tanks for the transportation of various products, primarily oil, gasoline, and water. Overlanders manufactures precision sheet metal and tubular products.
The company is a diversified, acquisition-oriented corporation focused on opportunities in aerospace, aviation services and equipment, and manufacturing. Exchange Income retains the key management personnel following acquisitions and have them own an equity interest in the company. Management invests in profitable, family-owned businesses with strong cash flows that operate in specialized markets.
In addition to having a strong acquisition strategy, the company has oversight and focuses on the generation of organic growth. Organic growth opportunities come in the form of expanding operations for existing businesses or by investing capital into new equipment and facilities for new customers. The company assesses organic growth opportunities with similar criteria as it does for acquisitions to achieve accretive returns on the capital required.
If you enjoyed this article, click the link below for top market insight delivered directly to your inbox!
Renowned Canadian investor Iain Butler just named 10 stocks for Canadians to buy TODAY. So if you’re tired of reading about other people getting rich in the stock market, this might be a good day for you. Because Motley Fool Canada is offering a full 65% off the list price of their top stock-picking service, plus a complete membership fee back guarantee on what you pay for the service. Simply click here to discover how you can take advantage of this.
The big shareholder groups in Boardwalk Real Estate Investment Trust (TSE:BEI.UN) have power over the company. Institutions often own shares in more established companies, while it’s not unusual to see insiders own a fair bit of smaller companies. Companies that used to be publicly owned tend to have lower insider ownership.
Boardwalk Real Estate Investment Trust has a market capitalization of CA$1.9b, so we would expect some institutional investors to have noticed the stock. In the chart below, we can see that institutional investors have bought into the company. Let’s take a closer look to see what the different types of shareholders can tell us about Boardwalk Real Estate Investment Trust.
What Does The Institutional Ownership Tell Us About Boardwalk Real Estate Investment Trust?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it’s included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
We can see that Boardwalk Real Estate Investment Trust does have institutional investors; and they hold a good portion of the company’s stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It’s therefore worth looking at Boardwalk Real Estate Investment Trust’s earnings history below. Of course, the future is what really matters.
Boardwalk Real Estate Investment Trust is not owned by hedge funds. The company’s largest shareholder is Boardwalk Properties Company Limited, with ownership of 19%. Cohen & Steers Capital Management, Inc. is the second largest shareholder owning 9.2% of common stock, and CIBC Asset Management Inc. holds about 4.5% of the company stock.
We also observed that the top 10 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent.
Researching institutional ownership is a good way to gauge and filter a stock’s expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
Insider Ownership Of Boardwalk Real Estate Investment Trust
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
Our most recent data indicates that insiders own less than 1% of Boardwalk Real Estate Investment Trust. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Keep in mind that it’s a big company, and the insiders own CA$4.4m worth of shares. The absolute value might be more important than the proportional share. It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling.
General Public Ownership
With a 35% ownership, the general public have some degree of sway over Boardwalk Real Estate Investment Trust. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
Private Company Ownership
It seems that Private Companies own 19%, of the Boardwalk Real Estate Investment Trust stock. It’s hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Promoted When trading Boardwalk Real Estate Investment Trust or any other investment, use the platform considered by many to be the Professional’s Gateway to the Worlds Market, Interactive Brokers. You get the lowest-cost* trading on stocks, options, futures, forex, bonds and funds worldwide from a single integrated account.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.