As a practitioner of value investing, my goal is to provide clients with a robust discretionary portfolio that they can invest in over their lifetimes. The value investing approach takes advantage of several fundamental tenants to improve the probability of success. The portfolio strategy that I manage will not be suitable for every investor, but long-time clients have found it to be a very productive means of harnessing the power of compound growth implicit in value investing.
Peter Leacock's Income and Value Portfolio: Growth of $100,000 as of January 31, 2023
This graph depicts the growth in value of a $100,000 investment in Peter Leacock's Income and Value portfolio. An initial investment of $100,000 made in February 2008 would be worth $383,754 as of November 30, 2023, while a $100,000 investment in the portfolio's benchmark would have grown to $269,750 over the same time period.
AMA Composite Performance Summaries:
January 2024 Learn more
December 2023 Learn more
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Performance results set out in these documents are based on composite of CIBC Wood Gundy Advisor Managed Accounts ("AMA") with more that $75,000 invested in a specified investment strategy managed by the AMA Portfolio Manager. Composite inception date is based after the second month the first AMA account opened in the strategy. The subsequent AMA accounts in the strategy are included after second month following their inception. Also included in the composite are closed AMA accounts that held in the strategy, up to the last full month the strategy was held. Composite performance returns are geometrically linked and calculated by weighting each AMA account's monthly performance, including changes in securities values, and accrued income (i.e. dividend and interest), against its market value at the beginning of each month, as represented by the market value at the opening of the first business day of each month. Performance results are expressed in stated strategy's base currency and are calculated based on gross of fees. Individual account performance results for clients of AMA invested in the Strategy may also materially differ from the performance results set out in this document, which are based on the Composite, due to the factors described above, and other factors such as an account's size, the length of time the Strategy has been held, cash flows in and out of the individual AMA client account, trade execution timing, market conditions and movements, trading prices, foreign exchange rates, specific client constraints against purchasing securities of related and connected issuers to CIBC Wood Gundy.