Since its inception in 2009, Alitis Investment Counsel has advocated for risk management and the use of alternative and private investments.
Today, to expand their offerings for clients, they’ve complemented those strategies with their spin on a more traditional approach to investing.
“The introduction of the Alitis Dividend Growth Pool has allowed us to put another tool in our toolbox,” explains Chief Investment Officer Kevin Kirkwood. “With valuations in the markets, the timing is good to get back to the basics of investing.”
On Jan. 1, Alitis launched the Alitis Dividend Growth Pool, designed to supply Canadian investors with a diversified, tax-efficient investment fund with a balance of dividend-paying Canadian stocks along with higher growth US and international stocks.
Additionally, for investors with taxable accounts looking to achieve strong growth with reduced taxes, the Pool offers an excellent alternative, combining Canadian equities that pay eligible dividends with global equities that provide both income and capital appreciation potential.
“One of the ways this differs from your other Canadian Dividend Funds is the balance between Canadian Dividends and Global Growth Stocks,” explains Thomas Nowak, Associate Portfolio Manager at Alitis Investment Counsel. “While Canada has some amazing companies, they only make up about three per cent of the global stock market. By only looking for eligible Canadian dividends, investors miss out on the potential in the rest of the world. The total return, even after taxes, could improve if investors were to look at the bigger picture – and it’s exactly this, that the Pool helps to accomplish.”
The Pool is structured to ensure that less tax efficient income from global stock dividends is utilized to cover the costs of the Pool rather than being distributed to investors. This allows investors to take advantage of the eligible dividends of the Canadian holdings, while also giving them the ability to benefit from capital gains from global growth stocks.
The Alitis team will manage the Pool similarly to their other investments, by diversifying as much as possible, using external managers to complement their internal investment approach, and by continuing to think outside of the box.
To this end, the Pool will use a variety of diversified Exchange Traded Funds to keep costs down, use external managers to provide a complementary investment approach, and maximize foreign opportunities without impacting the tax-efficient Canadian dividends.
To see if the Alitis Dividend Growth Pool is right for you, and to learn about Alitis’ Portfolio Management approach, visit them online to connect with them today!
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
