I've just returned from the World Money Show in Orlando where more than 10,000 investors gathered to learn about global investing. I had a chance to meet with many of the U.S. and foreign financial experts featured at the show, and over the next week I will share some of their top investment ideas. To view all of the stocks featured in this special global report, click here.

Any investor who owned Canadian income trusts prior to the change in tax law that caused the sector to plummet can well understand the sentiments expressed by Canadian investment expert Gordon Pape who -- after speaking to investors at the World Money Show -- commented, "The Americans are angry. Very angry indeed!"

In an update on the trust situation, the editor The Internet Wealth Builder notes, "The recent Parliamentary Committee hearings into the income trust tax proposal were interesting but, in the end, nothing has changed. The government is going ahead with the plan and the legislation will pass."

"So it you were holding any faint hope that the bill might somehow be defeated, it is time to put those dreams aside and move on. That's what the financial professionals are doing."

In that light, the advisor has been looking at selected income trusts that despite the tax rulings remain buy recommendations. He explains, "We have been recommending that investors start to weed out the weaker trusts from their portfolios, retaining only the cream of the crop.

"I regard Yellow Pages Income Fund (Other OTC:YLWPF) as one of the strongest income trusts. It controls a powerful franchise and, as a result of the acquisition of Super Pages a couple of years ago, has a virtual monopoly position in Canada.

Continue reading Global gains: Income from north of the border

Global gains: Income from north of the border originally appeared on BloggingStocks on Sat, 17 Feb 2007 08:30:00 EST. Please see our terms for use of feeds.