This manager thinks like an owner

EdgePoint's Frank Mullen diversifies his business ideas and seeks out local champions

Diana Cawfield 8 August, 2019 | 2:04AM

Thinking

To protect capital in any market cycle, the investment team at EdgePoint Investment Management Inc. uses “proprietary insights” to assess diverse businesses, says Frank Mullen, a portfolio manager for the gold-rated EdgePoint Canadian Growth and Income mandate.  

“We think of ourselves as business owners,” says Mullen, “using a stock market to purchase a fraction of ownership of a business. So we look at the long-term competitive advantages of a business over the next three to five years. We think about what’s our edge from that perspective when making an investment. What do we see that the market doesn’t see?” 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Bank of Nova Scotia40.69 USD0.00
Constellation Software Inc1,164.25 USD0.00
EdgePoint Cdn Growth & Income Port Sr A18.60 CAD0.27
Fairfax Financial Holdings Ltd Shs Subord.Vtg279.95 USD0.00
Manulife Financial Corp13.76 USD0.00
Onex Corp59.07 CAD0.00
The Toronto-Dominion Bank45.81 USD0.00

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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