BMO Consistent Growth Portfolio BMO chief investment strategist Brian Belski notes that his “consistent growth” Canadian stock portfolio is handily beating the TSX,
“Our Consistent Growth screen outperformed the S&P/TSX in August, gaining a solid 3% compared to the 1.6% total return for the TSX. Furthermore, our Consistent Growth screen saw nine new names added to the screen this month and no names removed. Meanwhile, our Dividend Growth screen underperformed, gaining just 1% on a total return basis… To implement our consistent growth strategy, we screen the S&P/TSX monthly based on the following parameters: Five-year earnings growth volatility lower than the S&P/TSX Composite, Positive one-year change in return on common equity, and FY1 [current fiscal year] EPS growth higher that the S&P/TSX Composite.”
The stocks on the list, in alphabetical order, are ATS Automation Tooling Systems Inc., Aritzia Inc., Artis REIT, BMO, Bank of Nova Scotia, Boyd Group Services Inc., CIBC, Descartes Systems Group Inc., Equitable Group Inc., First Capital REIT, Franco-Nevada Corp., Finning International Inc., goeasy Ltd., Home Capital Group Inc., Inter Pipeline Ltd., Intertape Polymer Group Inc., Laurentian Bank, Linamar Corp., Magna International Inc., Martinrea International Inc., National Bank of Canada, New Gold Inc., Power Corp., Richelieu Hardware Ltd., Royal Bank, Shaw Communications Inc., Smartcentres REIT, TD Bank, TFI International Inc., Toromont Industries Ltd., Wheaton Precious Metals Corp. and WSP Global Inc.