Why this money manager is trimming U.S. tech stocks and adding more Canadian industrials

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 92%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Vishal Patel of Scotia Global Asset Management says he looks for growth companies with strong management teams that can withstand swings in business and economic cycles

. Get exclusive investment industry news and insights, the week’s top headlines, and what you and your clients need to know. For more from Globe Advisor, visit our

“There’s always an opportunity to make money in the market, and I’m extremely bullish longer term,” says Mr. Patel, vice-president and portfolio manager at Scotia Global Asset Management in Toronto. He oversees more than $5-billion in assets across different North American strategies, including Canadian small-caps and separate U.S. and Canadian equity funds.

Currently, the fund includes about 52 per cent Canadian stocks and 48 per cent U.S. stocks. In recent months, Mr. Patel has shifted the holdings steadily toward industrials while trimming technology names.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines