Value Fund – Featured

January 11, 2022
Written by Evan Warburton

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Value Fund – Outlook For 2023

HIGHLIGHTS Pender Value Fund returned 9.7%[1] in January, following a 4.7% gain in the fourth quarter. Technology holdings now represent the largest sector weight in the portfolio at 37.6% at the end of January, up from 29.3% at the end of June 2022. We see many high-quality tech companies trading at a discount of greater than 50% to their private market value. We continue to focus on North American small and mid-cap businesses. Our weight in Canadian equities grew to 47.0% at the end of January, up from 36.3% at June 30, 2022. We have been adding to attractively priced…

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