David L. Fingold

Manager finds value in unloved industries.

Michael Ryval 30 June, 2006 | 1:00PM
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As markets gyrated in May, David L. Fingold was reluctant to deploy some of the 30% cash weighting he held in the $62.5-millionDynamic Global Dividend Value.

"I didn't buy for three weeks, because it was all 'falling knives.' It didn't matter what it was," recalls Fingold, 38, associate portfolio manager at Toronto-based Goodman & Co., Investment Counsel Ltd. Launched in March, the fund is designed for conservative investors who want global exposure.

"I have a very simple process where I buy stocks that are stable or rising, with improving fundamentals and attractive valuations," says Fingold. "If they go parabolic, I don't chase them. Because everything that goes parabolic corrects. It's a fact of life."

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Michael Ryval

Michael Ryval  Michael Ryval, a regular contributor to Morningstar, is a Toronto-based freelance writer who specializes in business and investing.

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