iA CONNECTED

“The best risk-adjusted opportunity within my investable universe for 2023 will be in high yield bonds.” — Dan Bastasic

A bubble ready to burst?

"While we are constructive on inflation getting back under control in the coming 18 months, it might just take a recession to break its back.” — Sébstien Mc Mahon and Adil Mahroug

“We remain positive on commodities, especially on energy, over the long term. A stabilization of the Chinese property sector would be a catalyst to increase the weight of base metal producers in the portfolio. With the recent pullback, we are looking at increasing our exposure to that industry.” — J-P Chevalier & Marc Gagnon 

“We continue to focus on earnings sustainability while avoiding companies that will most likely have to downgrade their earnings expectations materially.” — Donny Moss

“The software industry should be strongly favoured by rising automation needs, and we want to invest in areas that should be resilient in a potential downturn.” — Jean-Pierre Chevalier

“After the pullback in yields at the start of the third quarter, we think the market is a little too aggressive in embracing peak rates, and the recent highs will most likely be tested again as the narrative shifts toward the adverse economic consequences of a recession, rather than the rate decisions that have brought us there. As a result, we will monitor and adjust duration accordingly.” — Alexandre Morin

“We recently unwound our flattening bias because we think the Bank of Canada will slow the pace of its rate hikes after its September meeting, making the flattening positioning less compelling.” — Alexandre Morin

“We continue to focus on names and themes that we feel will be resilient in the current environment.” — Donny Moss

“We continue to take a positive long-term view on commodities, mainly base metals and energy. Even so, we tactically lowered our exposure to both during the summer.”  — J-P Chevalier & Marc Gagnon