Cecilia Mo

"Back to basic value investing" for Dynamic's flagship fund.

Diana Cawfield 10 February, 2012 | 7:00PM

Cecilia Mo didn't waste any time taking advantage of the free hand she was given as the new manager of the $1.9-billion Dynamic Value Fund of Canada  . Within a month, she slashed the fund's almost 70% exposure to commodity-based companies to roughly half that amount.

"I want to return the portfolio back to really basic value investing," says Mo, "instead of making a very concentrated bet on commodities. I would rather have a more risk-adjusted return for the portfolio and less of a sector call."

Mo is a vice-president and portfolio manager at the newly named GCIC Ltd., formerly Goodman & Co. Investment Counsel Ltd., a subsidiary of DundeeWealth Inc. Previously an employee at Toronto-based Fidelity Investments Canada ULC for more than a decade, she took over the Dynamic mandate on Oct. 11. The award-winning fund was formerly managed by David Taylor, who left the company.

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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.