Who We Are For

Founded in 2005, Sprung Investment Management helps clients moderate swings in market volatility through a “value investing” approach. Aimed at preserving wealth and providing a real rate of return after fees and inflation, we are known for employing philosophies that frequently run contrary to current investment trends. Sprung is different from other investment management firms in that we make a deliberate attempt to minimize trading and transaction costs. Our decisions are based on due diligence and staying our course rather than reacting to market volatility. . We believe, in the words of Ben Graham that “the essence of investment management is the management of risks, not the management of returns.” - read more

Outlook

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Goldcorp swoops to buy Ka...

Goldcorp Inc. (TSE:G, Mkt cap 20.35B, P/E - , Div/yield...

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Sun Life shrugs off volat...

Sun Life Financial Inc.'s (TSE:SLF, Mkt cap 27.16B, P/E 12.30,...

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BCE looks to strengthen i...

BCE Inc. (TSE:BCE, Mkt cap 51.55B, P/E 18.69, Div/yield 0.68/4.62,...

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Sprung Investment Management – Valued-based Investing

Our Investment Management Approach

Investment management is generally defined as the professional management of various classes of securities—typically equities and bonds—in order to meet each individual client’s specific investment goals. At Sprung Investment Management, our investment management approach is based on the value investing principles developed by Ben Graham.  Value investing shifts our portfolio management focus away from speculative profits, market trends and the frequently changing opinions of experts, focusing instead on company and market fundamentals.

Sprung Investment Management - investment management based on the value investing principles developed by Ben Graham.

Sprung Investment Management – investment management based on the value investing principles developed by Ben Graham.

Our investment management approach is based on a three-part value investing strategy. We believe this is the best way to reduce risk and volatility and earn consistent returns over time.  Our diligent, patient and opportunistic approach has served our clients well, through good and bad markets:

  • Appraise the intrinsic value of each company over a business cycle;
  • Seek long-term growth of capital by investing in companies that we perceive to be mispriced;
  • Utilize a margin of safety to promote return of capital…not just return on capital.

Value investing preserves wealth by focusing on companies that are financially strong, well-managed and offer a margin of safety to promote return of capital…not just return on capital. This is the same approach embraced by successful value investors such as Warren Buffet.

Investment management is also referred to as asset management. You can learn more about asset management here>>

We work with clients to match our value-based investment management approach to their goals and risk tolerance. Based on the client’s situation, we will determine an appropriate asset mix. When new clients join us their existing holding can often be transferred in-kind, (i.e. transferred “as is”, without being liquidated.) Over time, we will perform any changes necessary to the portfolio in order to ensure it reflects their goals and risk tolerance. We trade client portfolios as and when market opportunities present themselves.

Download Our Free Special Report 5 Top Value Stocks Set For Long-term Gains.

As a portfolio manager, we are committed to meeting a ‘best-interest’ standard, also known as a fiduciary duty.  A fiduciary duty is a legal requirement that an investment manager must avoid all conflicts of interest and put the client’s interests first. Investment advisors employed by the large bank-owned brokers, only have a responsibility is to suggest investments that are ‘suitable’ for their clients. They are not required to disclose any fees or commissions that they will receive if you buy what they are recommending.

You can learn more about how fiduciary investment advisors serve their clients here>>

Canada stockwatch is a keyword we use to help investors find reports on Canadian public companies. You can view recent reports here>>

Michael Sprung, CFA, President of Sprung Investment Management can be seen as a commentator on BNN-TV and is a frequent contributor to Canadian and international financial media. Here are some of his most recent comments:

Three top stock picks from Sprung Investment's Michael Sprung

The Globe and Mail - 4 months ago
The Bank of Nova Scotia is the most international of the Canadian banks with branches in the Caribbean and in Central and South America. The Canadian banks have been impacted by the recent volatility...

Investment counsellor Michael Sprung reflects on 'best interest' standard for financial advisers

Financial Post - 2 yearss ago
Since 2005 he has been at his own firm, Sprung Investment Management. On Wednesday, Sprung issued a note to his clients about the merits of having their money managed professionally, a message he has...

Top Picks from Michael Sprung: Royal Bank, Precision Drilling and Stuart Olsen

bnn.ca - 2 months ago
Michael Sprung, President, Sprung Investment Management shares his top picks: Royal Bank, Stuart Olson and Precision Drilling. Michael Sprung - Past Picks. Up Next. 5 : 37. Michael Sprung - Past...

Top Picks from Michael Sprung: Alaris Royalty, Suncor Energy and Stuart Olsen

bnn.ca - 5 months ago
Michael Sprung, president, Sprung Investment Management gives his Top Picks; Alaris Royalty, Suncor Energy, and Stuart Olson. Michael Sprung - Past Picks. Up Next. 5 : 11. Michael Sprung - Past...

Top Picks from Michael Sprung: Scotiabank, ARC Resources, and HudBay Minerals

bnn.ca - 4 months ago
Michael Sprung, president, Sprung Investment Management gives his Top Picks; Scotiabank, ARC Resources, and HudBay Minerals. Michael Sprung - Past Picks. Up Next. 4 : 55. Michael Sprung - Past Picks....

Top Picks from Michael Sprung: Alaris Royalty, HudBay Minerals and Aecon Group

bnn.ca - 7 months ago
Michael Sprung, President of Sprung Investment Management discusses his top picks: Alaris Royalty (AD.TO), HudBay Minerals (HBM.TO) and... Michael Sprung - Past Picks. Up Next. 6 : 08. Michael Sprung...

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Sprung Investment Management Inc.
25 Adelaide Street East, Suite 500
Toronto ON M5C 3A1 CA
Tel: 416-607-6642
Fax: 416-934-7161

Planning to visit us? You can find a map, directions and more contact details here>>

 

About 

Michael founded Sprung Investment Management to meet the personalized needs of private clients, not-for-profit organizations, endowments, foundations and small institutions. As President, he is responsible for the firm's overall direction and investment portfolio decisions. Michael brings more than 30 years experience in the Canadian investment industry and has managed equity and balanced portfolios as large as several billion dollars. Michael can be seen as a commentator on BNN-TV and is a frequent contributor to the Canadian Financial Press.

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Affiliations

CFA Society Toronto Portfolio Management Association of Canada CFA Institute