Small-caps with solid results

Beutel's Stephen Arpin cites financial-services firms that took the 2008 crisis in stride.

Sonita Horvitch 23 October, 2013 | 6:00PM

Stephen Arpin, vice-president and portfolio manager at Beutel, Goodman & Co. Ltd., says that while many Canadian small-cap financial-services stocks have gone up substantially since the beginning of the year, some still represent reasonably good value.

A specialist in small-caps at Beutel Goodman, Arpin notes that the total return on Canadian small caps, as measured by both the S&P/TSX Small Cap Index and the BMO Blended (Weighted) Small Cap Index, was essentially flat from the beginning of the year to recent close. Against this lacklustre performance, the financial-services sector put up solid, not spectacular results, he says.

Other sectors, such as consumer discretionary and industrials, produced much stronger performance, says Arpin. Like the financials, these two sectors represent good weightings in both leading small-cap indexes.

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Sonita Horvitch

Sonita Horvitch  

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