A CIBC Capital Markets analysis has identified some of the most popular TSX stocks held in Canadian mutual funds From m_zadikian
One drawback to the analysis, however, is the difficulty for a fund manager to be meaningfully overweight some large-cap stocks, such as Royal Bank of Canada.
At a market cap of $186 billion, the largest in Canada, its already hefty weighting in the TSX 60 makes it hard for a money manager to be significantly overweight the stock in their fund, according to the report.The note gave "special mention" to the Brookfield family of companies. "If Brookfield was on Facebook, it would have the most 'likes,'" the authors wrote, noting the popularity extends to Brookfield Asset Management, Brookfield Infrastructure Partners and Brookfield Renewable Partners.Some other conclusions of the report include: CP Rail seems more popular compared to its rival CN Rail; Intact is well-liked among fund managers despite its higher valuation compared to peers; and Couche-Tard and Thomson Reuters have been long-time favourites.
Over the course of 2022, Shopify shares fell roughly 70 per cent as the pandemic-fuelled e-commerce boom continued to fade as the economy reopened.
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