Resources roundtable: Golds that gleam

Why picking winning stocks is like a talent contest.

Sonita Horvitch 15 September, 2010 | 6:00PM

Editor's note: In today's second instalment of Morningstar's manager roundtable on resources investing, we turn to the outlook for mining stocks. Our panellists are Benoit Gervais, vice-president, investments, at Toronto-based Mackenzie Financial Corp., who co-manages a number of resource funds with Fred Sturm including Mackenzie Universal World Resource Class  Robert Lyon, senior vice-president and portfolio manager at Toronto-based AGF Investments Inc., who oversees all of AGF's resources funds including AGF Global Resources Class; and Norman MacDonald, vice-president at Invesco Trimark Ltd., who manages Trimark Resources. Leading the discussion was Morningstar columnist Sonita Horvitch, whose series began on Monday and concludes on Friday.

Q: Time to discuss the materials sector, including gold.

Gervais: Gold has a modest weighting in the global materials index. The giant global players such as BHP Billiton, Xstrata, Rio Tinto, Vale, Dow Chemicals and Alcoa dwarf gold companies, when it comes to weightings and earnings.

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Sonita Horvitch

Sonita Horvitch  

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