Darrell Anderson seeks U.S. wealth creators of all sizes

Mawer manager has been adding to his industrials holdings, has recently purchased long-admired T.Rowe and Paychex, but sold discount retailer TJX on concerns about market saturation.

Sonita Horvitch 5 August, 2009 | 6:00PM

Darrell Anderson, a principal and director at Calgary-based Mawer Investment Management Ltd., is finding opportunities in the economically sensitive area of the U.S. equity market, particularly among industrial stocks.

Anderson, who is responsible forMawer U.S. Equity  and the firm's U.S. equity segregated portfolios, notes that he is balancing his economically sensitive exposure with holdings in more defensive sectors, such as health care.

"There is a need to be cautious. The U.S. economy has still to work through some key issues and is unlikely to produce robust growth in the near-term," he says. In all, Anderson is responsible for $425 million at Mawer, of which $155 million is in Mawer U.S. Equity. This is an all-cap portfolio with 31 names.

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Sonita Horvitch

Sonita Horvitch