Q: Through a portfolio manager, I hold DYN253C in a non registered account. It's now 7% of my portfolio and is down 40%. Is it worth holding on to? (long term investor)
In the same account, I'm down by 80% on Terego. Is it a sell? The portfolio is otherwise diversified.
Thanks,
Andrea
In the same account, I'm down by 80% on Terego. Is it a sell? The portfolio is otherwise diversified.
Thanks,
Andrea
5i Research Answer:
We can't answer personally nor comment on position size so can only provide our opion on these securities. DYN253 is a US growth fund. Its 10-year return is 12.23%, below its benchmark of 15%. It has had some very good years (up 63% in 2020) and very bad years (-46% last year). Fees are 1.31%. Its holdings very much lean to aggressive growth but do include right now a few of our favourities. We think it will do much better when rates peak, but then again so will the general market. We do not think it is attractive enough to hold, considering its weaker longer term performance. TGO, at $24M, is really too small now to consider keeping. Debt is very high and it continues to lose money. We would not be comfortable with it.