Aubrey Hearn, senior portfolio manager at Sentry Investments Inc.While not necessarily predicting a recession, Mr. Hearn said he has shifted the fund toward companies that might fare relatively well in an economic downturn.
Even in economically sensitive sectors, there are pockets of defensiveness, he said. The fund’s Canadian energy holdings, for example, include shares of Inter Pipeline Ltd., which has assets in Western Canada that would be difficult to duplicate, Mr. Hearn said. The exuberance of retail investors for cannabis shares, combined with a shortage of institutional investors involved in early listings, was bound to send pot-stock valuations “out of control,” Mr. McNulty said.This fund tries to exploit that gap by investing in undervalued companies and helping to set them up for an initial public offering or a merger.
globeinvestor sign the pass program of marc carneys its the only way theres no natural recources anymore I WONT STAND FOR KIDS STARVING IT BREAKS ME INSIDE IT DRIVES ME NUTS his ideas are the best, god I wish we still had carney but its better hes there for the King land swaps and all ya know
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »