iA CONNECTED

“We’re turning a bit more cautious on energy, because the stocks have outperformed the commodity significantly since last fall, and earnings are set to decline significantly from year-ago levels, which could dampen sentiment.” — Donny Moss, iAGAM

“At the same time, we’re prepared to take advantage of any volatility associated with the current U.S. debt ceiling battle.” — Alexandre Morin, iAGAM

“We think large language models, such as ChatGPT, are this tech cycle’s ‘iPhone moment’ and will have major repercussions across the technology ecosystem and the economy.” — Maxime Houde, iAGAM

It was a positive month for fixed income, thanks to the Canadian and global markets. Canadian large-cap equities rebounded and international equities, especially in Europe, kept their momentum from recent months.

"We think a thorough understanding of credit cycle dynamics will enable us to form expectations of what lies ahead and, most important, to make informed investment decisions.”

— Sébastien Mc Mahon, Adil Mahroug & Tuyen Tran, iAGAM

“We continue to position the portfolio defensively, focusing on companies that should perform well in times of economic weakness.” — Donny Moss, iAGAM

“We currently have a longer duration in our portfolio versus its benchmark because we expect further economic deceleration in the coming months.” — Alexandre Morin, iAGAM

“We will start to add cyclical names in a gradual, disciplined manner, targeting stocks with steep valuation discounts and solid growth prospects.” — Marc Gagnon & Maxime Houde, iAGAM