This money manager is betting on a slow energy transition. Here are some stocks he likes on the way

📆 31/05/2024 03:45 a. m.
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‘The world can’t go from where we’ve been to zero carbon by 2050. It isn’t going to happen – and there are ways to play that,’ says Lyle Stein of Forvest Global Wealth Management (Canada)

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Still, money manager Lyle Stein cautions investors against getting too excited about the future, anticipating slow growth ahead. “The world can’t go from where we’ve been to zero carbon by 2050. It isn’t going to happen – and there are ways to play that,” he says. Mr. Stein also likes gold stocks as protection against rising inflation and currency erosion, and copper stocks for the metal’s critical role in the ongoing electrification and digitization of the economy.

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