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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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:

Agrium to woo uneasy investors over Potash merger deal

Reuters - 2 weeks ago
"We really liked the balance between retail (and) wholesale," said Sprung, president of Sprung Investment Management, of Agrium's existing business. He said he is considering whether to...

Three top stock picks from Sprung Investment's Michael Sprung

The Globe and Mail - 1 month ago
Michael Sprung, President of Sprung Investment Management. His focus is on Canadian Large Cap stocks. Top Picks: HudBay Minerals (HBM.TO). HudBay Minerals is one of Canada's leading producers of...

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

Financial Post - 3 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...

Market Call Tonight: Top Picks from Sprung's Michael Sprung Add to ...

The Globe and Mail (subscription) - 9 months ago
NEXT VIDEO IN: seconds. Restart playlist. Video: Market Call Tonight: Top Picks from Sprung's Michael Sprung. Jan. 08 2016. Michael Sprung, president, Sprung Investment Management gives his Top...

New book offers 'wealth of insight' on investing's buy side

The Globe and Mail - 7 months ago
Michael Sprung, founder and president of Sprung Investment Management, looks for companies that are not earning a high return on equity but have a history of achieving better readings “given the...

TSX notches best monthly gain since 2011 on oil rebound

Reuters Canada - 6 months ago
"In terms of the quarter, it's been a bit of a rollercoaster ride," said Michael Sprung, president at Sprung Investment Management. He said he questioned the sustainability of the rally...

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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>>

 

Affiliations

CFA Society Toronto Portfolio Management Association of Canada CFA Institute