Mar 25, 2019
Cole Kachur's Top Picks: March 25, 2019
BNN Bloomberg
Full episode: Market Call Tonight for Monday, March 25, 2019
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