Q: Hi Folks,
I currently hold GWO in my RRSP account. Thinking of switching it with SLF after it's recent drop. May I have your opinion?
Thanks
I currently hold GWO in my RRSP account. Thinking of switching it with SLF after it's recent drop. May I have your opinion?
Thanks
5i Research Answer:
Both names are around the same size ($40B to $50B market cap range), they trade around the same valuation, they both have similar net profit margins, and have had similar returns over the years. We would view both names as being very close today, and we would be mostly indifferent between the two. For us, the decision comes down to a comfort level - ie. which name is an investor more familiar/comfortable with, and which name could an investor be more confident in holding through drawdowns.