September is traditionally a tough month for financial markets and this year will likely be no exception if the volatility in August is an indication, says money manager Sadiq Adatia.
“We could have a healthy fourth-quarter rally,” says Mr. Adatia, whose firm oversees about $160-billion in assets, of which he manages about $20-billion directly. He points to BMO Equity Growth ETF Portfolio – Series F, which increased 10.1 per cent year-to-date, 13.9 per cent during the past 52 weeks, and has an annualized five-year return of 6.7 per cent. The performance is based on total returns, net of fees, as of Sept. 1.
We were overweight on our technology position at the start of the year, which was very beneficial given the big run-up in that sector. We’ve gradually pared back on technology after taking some profits, but we still have exposure to quality companies in the space.
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