I think I’ve found my dream mutual fund company: ABC Funds. From the introduction:
The most distinguishing characteristic of the ABC Funds is our firm adherence to true value investing. The funds use a “bottom up,” Graham and Dodd style in selecting securities. This style commands thorough, proprietary research on fundamentally undervalued Canadian and American securities and strong investor discipline. All three ABC Funds use this investment approach.
Before you go on and read about it, you should know that they require a minimum initial investment of $150,000 per fund (I assume that’s CAD). The MER is 2% on all their funds and they seem to have an excellent track record at beating the indexes. Some years they do worse than the indexes, but that shouldn’t worry the long-term investor.
Do not shy away from clicking on the “client area” link on the main page. It looks like everything there is publicly accessible.
It seems easy to find good active value management in Canada if you have lots of money. Another company that comes to mind is Strategic Advisors Corp (affiliated with Ross Healy).
3 thoughts on “ABC Funds”
Dave: You should check out the Value Investigator website (http://www.valueinvestigator.com). Irwin Michael, who runs the ABC Funds is a really good deep-value investor.
I made an earlier post about his style.
Here is the link.
That valueinvestigator.com site is actually where I found out about ABC Funds (which I in turn found out about from the same Moneysense.ca article that you linked to). It’s a small world…
I haven’t seen another site/company like it… amazing how ABC Funds can go so unnoticed.