TWST: Would you start with an overview of Mavrix Funds Management and your
responsibility there?
Mr. Dent: Mavrix Funds Management is a publicly traded mutual fund management
company based in Canada. We have a full family of funds primarily focused in
resources, income and small caps. I'm a Portfolio Manager and I look after three
of the funds at Mavrix.
TWST: I believe those are focused mostly on the smaller cap companies?
Mr. Dent: That's right.
TWST: What is the climate like in Canada for small cap stocks and what are the
differences between your environment and that of small caps in the US?
Mr. Dent: I'm not sure that there's that much difference between Canada and the
US. There is a greater focus on resources in Canada because there are so many
more small cap resource companies and also because the Venture Exchange has
become a primary exchange for resource stocks around the world. Outside of the
energy sector and selected mining areas, the Canadian small cap market has been
difficult over the course of the last six months. Obviously, it has been a
negative overall environment and in that kind of environment investors become
more risk-averse and shy away from small caps.
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