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Sentry Diversified Total Return fund manager Andrew McCreath

"The best way to make money is not to lose money," says Sentry Diversified Total Return fund manager Andrew McCreath.

His $351-million fund won a Lipper award in the Canadian-focused equity category for three-year performance to Oct. 31, 2010. The fund, which can invest up to 50 per cent in foreign stocks, posted an average annual return of 4.9 per cent, compared with a 1.7 per cent loss for the S&P/TSX Total Return Index.

How did he do it? Mr. McCreath took questions in a live discussion. Thanks to everyone who sent in questions.

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Readers using mobile phones should read the discussion by following this link.

<iframe src="" scrolling="no" height="650px" width="460px" frameBorder ="0" allowTransparency="true" ><a href="" >Chat with award-winning Sentry fund manager Andrew McCreath</a></iframe>

Andrew McCreath's portfolio tends to be diversified across sectors. "I am not a big bet guy," he said, noting that the biggest weighting now is in Apple Inc. at 4 per cent of assets. Read more about Andrew McCreath in a story: Making money means not losing it .

Mr. McCreath cut his fund's cash position to 25 per cent last fall after he became moderately bullish on North American stock markets because of improving U.S. economic data and the $1.5-trillion (U.S) in additional fiscal and monetary stimulus.

Mr. McCreath, who has an MBA in economics from York University, joined Sentry after selling his hedge-fund firm, Waterfall Investments, to Sentry in 2008. His eclectic background includes being a portfolio manager and founding shareholder of fund company Synergy Asset Management Inc., which was acquired by CI Financial Corp. in 2003. Other highlights include being a sell-side stock analyst and even a rock band promoter.

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