NEWS RELEASE 19 TH NOV
MPZ 1999-11-19 (provided courtesy of BCE Emergis E-News Services.)
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MPL Publication's Investment Recommendations Recognized For Outstanding
15-Year Performance
Toronto, Ontario--
The investment advisory track record of MPL Communication's
longest-established publication has been recognized as among the
best in the world. The Investment Reporter, a Toronto-based
weekly investment advisory newsletter, has outperformed every
Canadian equity mutual fund in Canada over the past 15 years.
The advisory's performance, based on analysis by the world's
leading investment advisory rating service, Hulbert Financial
Digest of Arlington, Virginia, shows that The Investment Reporter
also handily outperformed the TSE300 over the same period.
Globe and Mail Report on Business writer Rob Carrick wrote in his
November 18th "Personal Finance" column: "The Investment Reporter
doesn't capture the flash and excitement of stock market
investing. But it does know its stocks."
Mr. Carrick added: "In the 15 years to June 30, the so-called key
stocks recommended by this weekly newsletter delivered returns
that beat the Toronto Stock Exchange 300 composite index by a
wide margin and just demolished the average Canadian equity
mutual fund."
As measured by the Hulbert service, over the past 15 years the
compound annualized return for stocks recommended by The
Investment Reporter was 14.7 per cent. That means if you had
invested $10,000 15 years ago following The Investment Reporter's
advice, you'd have had $78,244 at the end of June, a compound
annual average return of 14.7 per cent.
The TSE 300 rose 11.1 per cent annually over the same 15-year
period, the average Canadian equity fund just 8.9 per cent and
the top equity fund 13.1 per cent. A $10,000 investment in the
average Canadian equity fund would have grown to $35,927 - less
than half of The Investment Reporter's key stocks.
Robert Walkden, the 71-year-old chairman of the newsletter's
investment planning committee, attributes the success to a
deceptively simple formula of selecting quality companies and
holding their shares for a long period of time.
The Investment Reporter is one of the oldest financial advisories
in North America. It was established in 1941 by Mr. George
Armstrong and has been continuously published ever since. Most of
its subscribers are individual Canadian investors who seek
profitable low-risk investment advice. The advisory is also
closely followed by the professional investing community.
The Investment Reporter has twice been named World's Best
Investment Advisory by the Newsletter Publishers Association
based in Washington, D.C.
MPL is Canada's largest provider of independent investment
advice. In addition to The Investment reporter, MPL publishes
Investor's Digest of Canada, widely acknowledged as the country's
pre-eminent newspaper for investors.
Other publications in Canada include Louis Rukeyser"s Wall
Street, its All Star Funds mutual funds rating service, the
Canadian Mutual fund Advisor, the Money Reporter, Blue Book of
Stock reports, Best U.S. Stocks for Canadian Investors and the
Canadian Resources and Pennymines Analyst.
In September, MPL acquired Carlson Online Services Inc. (Carlson
Online), to expand MPL's rapidly growing electronic delivery
services www.IDOnline.ca , the company's umbrella electronic
delivery service.
MPL Communications Inc. trades on the Alberta Stock Exchange
under the symbol MPZ and has approximately 14 million shares
outstanding.
-30-
For further information please contact:
Stephen D. Pepper
Chairman, MPL Communications Inc.
Tel: (416) 869-1177
www.IDOnline.ca
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