Top pipeline play, a best-of mutual fund and stocks a $10.5-billion manager is buying and selling: What you need to know in investing this week

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Top pipeline play, a best-of mutual fund and stocks a $10.5-billion manager is buying and selling: What you need to know in investing this week (subscribers) GlobeInvestor

A balanced portfolio is more important than ever - and this fund is one you definitely should consider

The first six months of the year produced double-digit returns for the major indexes in Toronto and New York. But, Gordon Pape writes, I don’t think we’ll see a repeat in the second half of the year. Given the uncertainty facing equities in the second half of the year, it’s more important than ever to allocate a reasonable percentage of your assets to bonds and cash. I know many investors have soured on mutual funds in recent years because of the high fees, but: Mawer Balanced Fund.

Fidelity portfolio manager of $10.5-billion is staying bullish on markets. Here’s what he’s buying and selling Fidelity Investments portfolio manager Mark Schmehl is bullish on the markets right now, in part because most investors aren’t. “I’ve never seen so many people so scared at the same time, especially when the market is going up,” says Mr. Schmehl, who oversees about $10.5-billion in assets. Whether it’s worries about trade wars, the inverted yield curve, or low interest rates, he says the concerns are largely overblown. “There is always something to worry about.

 

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