Monthly Message

The Wutherich & Co. Composite was up 2.7% in August. This compares with the S&P/TSX down 0.8% and the BMO Small Cap Index up 0.8%.

The Organic, Gluten Free Portfolio

A friend’s parents have a farm near Ottawa. They have a small woodlot on their property and sell firewood from felled trees. A neighbor, who does the same thing, decided to put up a sign on the road saying that he was selling “organic firewood”. He rapidly sold out of inventory though his practices were no different than any of his neighbors’. It is hard to imagine anyone using pesticides or fertilizer or anything else that would be “unorganic” on their woodlot. Branding made all the difference.

I recently saw a label declaring that a bottle of water was gluten free. Can a wheat protein end up in a bottle of purified water? I suppose the water producer is glomming-on to the gluten free craze that has swept the food industry in the last few years.

As for the Wutherich & Co. Portfolio, we mentioned last month that we were number one in the Pavilion survey of small-cap Canadian investment managers for the year to June. Morningstar publishes numbers for small-to-mid cap Canadian managers. While this sample set is different than Pavilion’s and may not be considered comparable, we would like to point out that, for the year ended August, their top ranked fund posted 24.1% versus our after-fee number of 26.3%.

We think our long-term numbers are excellent and this is what we manage to. However, we haven’t received much recognition for our recent performance, so we are thinking about rebranding our product the Organic, Gluten Free Portfolio. What do you think?

To view the complete Monthly Message and Factsheet click here

Here’s to number1! Last week we mentioned that we would bring you additional colour on our latest Pavilion report. So here it goes. Pavilion (previously Brockhouse Cooper) keeps track of our performance relative to a group of peers in what they call the Canadian Small Cap Equity Universe. The latest report, as of June 2018, […]

Monthly Message The Wutherich & Co. Composite was up 0.3% in July. This compares with the S&P/TSX up 1.1% and the BMO Small Cap Index down 1.0%. Here’s to number one! It has been a little while since we have been there, so we will crow about it while we can. We submit numbers to […]

Monthly Message The Wutherich & Co. Composite was up 2.2% in June. This compares with the S&P/TSX up 1.7% and the BMO Small Cap Index down 0.3%. In June, The Wutherich & Co. Portfolio crept forward with very little news affecting our companies. Though the winds of trade war are blowing, there does not appear […]

Monthly Message The Wutherich & Co. Composite was up 6.6% in May. This compares with the S&P/TSX up 3.1% and the BMO Small Cap Index up 2.3%. May of 2018 marks the 200th month of the Wutherich & Co. Composite! Clients that stayed with us for this entire period would have made 6.4 times their […]

Monthly Message The Wutherich & Co. Composite was down 0.3% in April. This compares with the S&P/TSX up 1.8% and the BMO Small Cap Index up 3.8%. The Wutherich & Co. Portfolio drifted down slightly during the month on very little news. The Canadian Indexes benefitted from a very strong move in Energy stocks, which […]

Monthly Message The Wutherich & Co. Composite was down 0.3% in March. This compares with the S&P/TSX down 0.2% and the BMO Small Cap Index down 1.6%. By the end of March, all of our companies in the Wutherich & Co. Portfolio had reported their most recent quarterly results. With a few exceptions, the numbers […]

Monthly Message The Wutherich & Co. Composite was down 2.7% in February. This compares with the S&P/TSX down 3.0% and the BMO Small Cap Index down 3.9%. The Wutherich & Co. Portfolio was down along with the markets in February. We don’t make too much of this as we always focus on the fundamentals of […]

Monthly Message The Wutherich & Co. Composite was up 2.6% in January. This compares with the S&P/TSX down 1.4% and the BMO Small Cap Index down 2.5%. Nice to see another gain in January in the Wutherich & Co. Composite, and nary a pot stock in sight (which you will never see in the portfolio)! […]

Dear friends and clients, We would like to remind you that the 2017 RRSP period deadline is March 1, 2018. If you have not made a contribution to your RRSP account with Wutherich & Company in a while, now may be a good time to do so. Feel free to get in touch with us […]