David Burrows, president and chief investment strategist at Barometer Capital Management
Focus: North American large caps

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MARKET OUTLOOK

David Burrows on Ottawa's decision to block the takeover of Aecon by China-owned CCCC International

Ottawa's decision to block Aecon takeover must've been difficult: Money manager

David Burrows, president and chief investment strategist at Barometer Capital, reacts to the news the Canadian government is blocking the takeover of Aecon Group by Chinese-owned company CCCC International.

"It must have been a difficult decision because clearly Trudeau's government has been interested in building trade and the relationship with China. China is obviously interested in building trade and relationships outside the U.S., so there was an opportunity here, but realistically its probably a good thing to see them, if they feel there's a security concern, doing something about it.

"... It's a tough one because Canada does need to continue to build an open platform for trade with the rest of the world." 

TOP PICKS

David Burrows' Top Picks

David Burrows shares his top picks: Owens Corning, Regeneron Pharmaceuticals and Microsoft.

CANADIAN NATURAL RESOURCES (CNQ.TO)

UNION PACIFIC (UNP.N)

COMERICA (CMA.N)

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
CNQ N N Y
UNP N N Y
CMA N N Y

 

PAST PICKS: JUNE 20, 2017

David Burrows' Past Picks

David Burrows of Barometer Capital reviews his past picks: Canadian Natural Resources, Union Pacific and Comerica.

OWENS CORNING (OC.N)
Sold on Dec. 18 at $88.22.

  • Then: $66.20
  • Now: $63.86
  • Return: -4%
  • Total return: -3%

REGENERON PHARMACEUTICALS INC. (REGN.O)
Sold on Aug. 1 at $481.58.

  • Then: $495.33
  • Now: $295.31
  • Return: -40%
  • Total return: -40%

MICROSOFT (MSFT.O)
Still owned.

  • Then: $69.91
  • Now: $98.66
  • Return: 41%
  • Total return: 44%

Total return average: 0.3%

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
OC N N N
REGN N N N
MSFT N N Y

 

FUND PROFILE

Barometer Global Macro Pool Class F
Performance as of: April 30, 2018

  • 1 Month: -4.31% fund, 0.30% index
  • 1 Year: 2.03% fund, 1.86% index
  • 3 Year: 12.36% fund, 1.33% index
  • 5 Year: 13.30% fund, 2.20% index

* Index: Barclays Global Macro Index ($USD).

TOP 5 HOLDINGS AND WEIGHTINGS

  1. iShares Transportation Average ETF: 5.91%
  2. iShares US Medical Devices ETF: 5.58%
  3. iShares Core S&P Small-Cap ETF: 5.28%
  4. Xtrackers MSCI Europe Hedged Equity ETF: 5.21%
  5. iShares US Broker-Dealers & Securities Exchange: 5.15%

TWITTER: @BarometerCap
WEBSITE: www.barometercapital.ca