Find out all the latest news about AIC, what our Portfolio managers are saying in the press and other interesting third party articles about our funds and the markets in which we invest.
The fate of Buy, Hold and Prosper, globeandmail.com, August 13, 2009
After purchasing AIC, Manulife must decide if it wants continue to back the value investing brand or dump a catch-phrase tarnished by years of client redemptions. Read article»
Cash still king for some, globeandmail.com, August 11, 2009
James cole, Senior VP and Portfolio Manager of AIC Canadian Focused Fund and AIC Dividend Income Fund is biding his time in the hopes of getting better bargains. Read article»
Risk aversion is so passe, nationalpost.com, August 8, 2009
Financial advisor puts clients into AIC Advantage Fund by targeting financials with wealth management at the core.
Read article»
Rally in financials helps funds outperform, globeandmail, August 8, 2009
AIC Dividend Income Fund ranks among the top Canadian dividend and income equity funds year-to-date. (Globe and Mail, print edition: page B13; section – Report On Business)
AIC fund manager loves big global banks, globeandmail.com, August 5, 2009
AIC Global Advantage Fund managers Chris Lowe, Executive VP and Portfolio Manager and Greg Placidi, Senior VP and Portfolio Manager, discuss why they are growing more bullish on giant banks and insurers. Read article»
Adani Power share sale draws Credit Suisse, T. Rowe, bloomberg.com, July 28, 2009
AIC Advantage Fund was one of six anchor investors that took positions in India’s Adani Power IPO. Read article»
My, what a difference five months can make, globeandmail.com, July 27, 2009
The Canadian financial sector, which was “hit the hardest” among the sub-indexes in the S&P/TSX Composite in 2008, has been the biggest gainer this year. Read article»
Money market funds to trim fees, globeandmail.com, July 14, 2009
AIC Money Market Fund leads the list of the top 25 top performing money market funds in Canada over one-year. AIC has waived a portion of the fund’s management fee resulting in a reduction to 0.75% from 1%. Read article»
Market Call Tonight bnn.ca, July 10, 2009
Randy LeClair, Senior VP and Portfolio Manager, AIC Bond Fund , gives his views on the bond market and takes investor’s questions. Watch interview – Part 1 and Part 2
Trading Day bnn.ca, June 23, 2009
Ian Lapey, Portfolio Manager, Third Avenue Management and sub-advisor to AIC Global Focused Fund, says he is still seeing attractively valued stocks and discusses a few holdings. Watch interview»
Focus on low-cost natural-gas producers with strong balance sheets, nationalpost.com, June 5, 2009
James Cole, Senior Vice President and Portfolio Manager of AIC Canadian Focused Fund, remains bearish on gas producers. Read article»
Oil stocks look too expensive in short term, nationalpost.com, June 2, 2009
Higher oil prices are needed to justify investment by the marginal producer, says James Cole, Senior Vice President and Portfolio Manager of AIC Canadian Focused Fund. “You need US$100 [oil prices] for an integrated project to go ahead and make an economic rate of return in the oil sands." Read article»
Trading Day: Real Estate Stocks, bnn.ca, May 27, 2009
Michael Winer, Portfolio Manager, Third Avenue Management and sub-advisor to, AIC Global Real Estate Fund, discusses the recent gains in real estate and the sector’s outlook going forward. Watch interview»
Wealthtrack with Consuelo Mack, wealthtrack.com, May 16, 2009
The dean of value investing,Marty Whitman, of Third Avenue Management and sub-advisor to AIC Global Focused Fund, discusses why now is a great time for investors as they are presented with values not seen since the 1930s. Watch interview»
Market Call Tonight, bnn.ca, May 6, 2009
Randy LeClair, Senior VP and Portfolio Manager, AIC Bond Fund, provides his top bond picks and takes investor’s questions on bonds. Watch interview»
Funds hoarding a mountain of cash,, The Globe and Mail, May 2, 2009
James Cole, Senior VP and Portfolio Manager, is sitting on a pile of cash. “I don't think stock markets are going to run away from me while I take time to make the right investment decisions," explains Cole. Read article»
Trading Day: Central Banks and Bonds, bnn.ca, April 21, 2009
Randy LeClair, Senior VP and Portfolio Manager, AIC Bond Fund, appeared on BNN and discussed the latest Bank of Canada rate cut. Watch interview»
Invest in companies that pay dividends, Times&Transcript, April 20, 2009
James Cole, Senior VP and Portfolio Manager,
AIC Dividend Income Fund was interviewed on dividend stocks and discusses a few holdings.
Read article»
Back from the Brink: Bonds, bnn.ca, April 16, 2009
Randy LeClair, Senior VP and Portfolio Manager, AIC Bond Fund, is interviewed on BNN and discusses the advantages of investing in a bond fund vs. an individual bond. Watch interview»
The weighing machine, forbes.com, April 13, 2009
John Rogers Jr., chairman and chief executive officer of Chicago-based Ariel Investments, and sub-advisor to AIC American Focused Fund, says patience is a virtue in value investing and, like Ben Graham, he tends to pay attention to the scale more than the ballot box. Read article»
Trading Day: Stock Strategy & Tips,bnn.ca, April 1, 2009
Ian Lapey, Portfolio Manager, Third Avenue Management LLC of New York, and sub-advisor to AIC Global Focused Fund says there’s lots of great opportunities in the market. “We’re finding extremely well financed companies with very strong management teams trading at huge discounts from our estimates of net asset value.” Watch interview»
Canadian GDP expected to trim losses, Globe and Mail, March 31, 2009
The Canadian economy looks like it will be in relatively good shape, explains James Cole, Senior VP and Portfolio Manager of AIC Canadian Focused Fund. “It's highly likely the Canadian economy will report positive growth in the first quarter of next year.” Read article»
Veteran tweaks Graham’s rule to find bargains, National Post, March 31, 2009: Marty Whitman, founder of Third Avenue Management and sub-advisor for AIC Global Focused Fund, has made some refinements to the Graham and Dodd concept of net-net while finding the best market discounts he’s seen in his 50-plus year career. Read article»
Cruise shares: Time to climb aboard? The Globe and Mail, March 31, 2009: Tim Fidler, Senior Vice President and Portfolio Manager, Ariel Investments and sub-advisor of AIC American Focused Fund, finds value in Carnival Corp. and Royal Caribbean Cruises Ltd. “If you are willing to look past the valley to the other side of the trough, there is enormous value in these companies,” says Fidler Read article»
Strategy Session: Bonds, bnn.ca, March 24, 2009
Randy LeClair, Senior Vice President and Portfolio Manager, discusses the rationale behind the U.S. Federal Reserve’s move to buy U.S. treasury bonds as part of its US$300 billion plan to help the U.S. economy get better. Watch interview»
Risks remain for Petrocan shareholders, National Post, March 24, 2009
James Cole, Senior Vice President and Portfolio Manager, comments on the $43 billion Petro-Canada/Suncor deal and the risk for shareholders if oil prices don’t significantly recover in 2010.
James Cole’s picks can gain value in a market rally, GlobeinvestorGOLD, March 24, 2009
James Cole, Senior Vice President and Portfolio Manager of AIC Canadian Focused Fund discusses a number of his Fund’s holdings. “We limited losses by holding cash at a level of about a quarter of our total fund assets and by holding larger companies that have the ability to survive hard times better than small companies,” says Cole.
Real estate stocks, bnn.ca, March 12, 2009
Michael Winer, Portfolio Manager, Third Avenue Management LLC and sub-advisor to AIC Global Real Estate Fund, discusses the opportunities in real estate and says if your investment horizon is 3 to 5 years, now is a great time to be in real estate securities. Watch interview»
Beware of potential bond orphans, Investment Executive, March, 2009
Senior Vice President and Portfolio Manager, Randy LeClair, was interviewed for an article warning investors of potential bond orphans (bonds priced at a fraction of their cost at issue and seldom, if ever, trade).
I’m greedy in crisis – Upbeat billionaire says best deals abound during recession Jamaica Gleaner, February 27, 2009
AIC Executive Chairman, Michael Lee Chin, who is positive that he and AIC Limited, will successfully ride the tide of the global recession and emerge stronger, is looking for businesses to buy and says now, is the best time to snatch up deals.
Canadian banks show resilience Advisor.ca, February 26, 2009
"Canadian banks remain an appealing dividend investment", points out Chris Lowe, senior vice-president of AIC. Lowe says "even if growth is slow for the Canadian banks, as it's anticipated to be, the high yield on the dividends make them an attractive buy-and-hold investment".
The senior citizens among Canadian stock funds theglobeandmail.com, February 21, 2009
AIC Advantage Fund was ranked one of the best 15 Canadian stock funds over 20 years. Globefund screened for the best and worst average annual returns of Canadian stock funds with at least a 20-year record. They focused only on large-company funds, and excluded pooled, segregated, and duplicate funds. AIC Advantage Fund’s 20-year return also bettered the 7% average annual gain by the S&P/TSX Total Return Index over 20 years ending January 31.
Surviving the storm, Michael Lee-Chin on how he's handling the market meltdown theglobeandmail.com, Feb. 13, 2009
AIC Executive Chairman, Michael Lee-Chin discusses sticking firm to his principles in these chaotic times and holding fast to a few things he knows well such as AIC’s commitment to financial services.