Thiery Jannini- AGF Investments Inc.

Global dividend specialist prefers financials over utilities and telecoms.

Diana Cawfield 3 January, 2014 | 7:00PM
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Thiery Jannini, co-manager of the $758-million AGF Global Dividend, looks for companies that offer sustainable shareholder value.

"The key differentiator is the fact that we focus on economic profit," says Jannini. "Typically, dividend mandates will have large exposure to utilities and large exposure to telcos, and you will not find that in our fund."

According to Jannini, utilities and telecommunications companies generally have a harder time covering the cost of capital, so it's more difficult to find companies that meet the team's value-creation requirement.

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About Author

Diana Cawfield

Diana Cawfield  Diana Cawfield is an award-winning writer who has been a regular Morningstar contributor since 2000. Her numerous publication credits include the Toronto StarAdvisor's Edge and Chatelaine, as well as the Canadian Securities Institute's online educational services.

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