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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Great-West Lifeco Inc. (GWO $70.37)
- $70.37 P/E (TTM): 16.34X Cap: $63.05B
- View GWO Profile
- View Questions on GWO
Power Corporation of Canada Subordinate Voting Shares (POW $73.10)
- $73.10 P/E (TTM): 33.07X Cap: $45.65B
- View POW Profile
- View Questions on POW
IGM Financial Inc. (IGM $74.72)
- $74.72 P/E (TTM): 15.72X Cap: $17.07B
- View IGM Profile
- View Questions on IGM

Q: I hold POW in my $CDN account. Long term performance has been lacklustre.
A recent report informs me that over 80% of POW's net asset value is in GWO and IGM. Seems POW's European holdings are the main cause of performance issues. Considering selling POW and putting proceeds directly into GWO and IGM. Your opinion and forward-looking comments on this idea please.

Cheers,
IslandJohn

Asked by John on April 17, 2026

5i Research Answer:

POW shares are up 53% in the past year and up 112% in five years. Holding companies do often get a discount. GWO is up 100% in five years. IGM is up 75%. So, POW has still outperformed. With yields similar, we would not object to such a move, but would not see it as truly necessary, either.

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