Top Toronto fund manager bets on Canadian stocks as U.S. recession looms

The Toronto-based asset manager, which oversees $111.1 billion , upgraded its position on Canadian equities to slight overweight from neutral while lowering the U.S. market to slight underweight from neutral. The move comes as some of Canada’s largest funds adjust their outlooks with markets whipsawing on rising fears of a recession.

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Top Toronto fund manager sours on U.S. stocks as recession looms - BNN BloombergIG Wealth Management, one of Canada’s biggest asset managers, is cooling on the U.S. stock market while boosting its position on its home country as valuations sink to some of their lowest levels on record.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Top Toronto fund manager sours on U.S. stocks as recession looms - BNN BloombergIG Wealth Management, one of Canada’s biggest asset managers, is cooling on the U.S. stock market while boosting its position on its home country as valuations sink to some of their lowest levels on record.
Source: BNNBloomberg - 🏆 83. / 50 Read more »