Cole Kachur, portfolio manager at Scotia Wealth Management
Focus: Canadian equities and ETFs

MARKET OUTLOOK

I'm currently neutral to slightly negative on the equity markets after the strong rally to start the year. Volatility will continue to be paramount, which will present some interesting buying opportunities. But I wouldn’t be planning to buy and hold in the market at current prices. Global growth is slowing, but a potential trade deal could still buoy markets and allow them to move past all-time highs in the short term. In the medium-term, I'm concerned about the slow-down in the economic growth and what tools the major economies of the world have to combat a potential recession. I think proper asset allocation is more important than ever and having a portfolio that has cash, fixed income and alternative asset classes is paramount. In our discretionary portfolios, we're actively trimming equity positions in favor of cash, fixed income or alternative structures.

TOP PICKS

MANULIFE (MFC.TO)

NFI GROUP (NFI.TO)

PIMCO MONTHLY INCOME FUND (PMIF.TO)

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
MFC Y N N
NFI Y N N
PMIF Y N N

 

PAST PICKS: AUG. 9, 2018

FORTIS (FTS.TO)

  • Then: $42.88     
  • Now: $49.63
  • Return: 16%
  • Total return: 19%

INTERTAPE POLYMER (ITP.TO)

  • Then: $17.79
  • Now: $17.50
  • Return: -2%
  • Total return: 2%

MANULIFE (MFC.TO)

  • Then: $24.16
  • Now: $22.13
  • Return: -8%
  • Total return: -5%

Total return average: 5%

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
FTS N N N
ITP Y N N
MFC Y N N

 

WEBSITE: www.colekachur.ca