Tim McElvaine

Deep value manager fine-tuned his approach after going through a rough period.

Diana Cawfield 2 July, 2010 | 6:00PM
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The woebegone, the forgotten and the depressed. That's how Tim McElvaine describes what you'll find in his deep-value stock portfolios.

"It's really a John Templeton idea," says McElvaine, lead manager of the   $219-million Mackenzie Universal Canadian Value Class. "In an interview, someone asked him, where's the best investment in the world and Templeton said, the question you should be asking is, where is the worst, because that's where you're going to get the cheapest prices."

McElvaine, president of McElvaine Investment Management Ltd. in Vancouver, has managed the Mackenzie fund since February 2009. For affluent investors, he manages   McElvaine Investment Trust, which requires a minimum investment of $25,000.

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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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