Canadian General Investments, Limited (CGI.TO) Stock Analysis & Winston Score

Canadian General Investments (CGI) is a closed-end investment fund based in Canada. It pools money from investors and uses it to buy shares in a collection of publicly traded companies, mostly large Canadian and some U.S. businesses. CGI has been operating since 1930, making it one of the oldest investment funds in Canada. CGI makes money primarily through dividends and capital gains earned on the stocks it holds in its portfolio. It trades on the Toronto Stock Exchange, and its portfolio is managed by Morgan Meighen & Associates. Like most closed-end funds, CGI often trades at a discount to its net asset value (NAV), meaning investors can sometimes buy its underlying assets for less than they are worth on paper. The main risk the fund faces is that its performance is tied directly to the Canadian stock market — if the market falls, the value of CGI's holdings falls with it.