iA CONNECTED

“We continue to see a disconnect between mega caps and below $100 billion and small-mid cap innovators.” — Jean-Pierre Chevalier

“Q2 earnings season coincided with a busy macro calendar and this is the perfect setup for portfolio management to add value with stock selection.”  — J-P Chevalier & Marc Gagnon 

“With summer holidays in full swing and key decision makers away from their desks, clearer direction should become apparent once we hit September.” — Alexandre Morin

“In most cases, well-managed, sustainable companies with strong market positions will not have to cut their earnings estimates and may even be able to raise them. In a volatile environment, we think holding a basket of stocks with these attributes will lead to outstanding results.” — Donny Moss

“We think there will be more volatility between now and year-end and will take advantage of it to keep improving the Fund’s risk-return profile.” — Jean-Pierre Chevalier

“The equity market will continue to worry about recession until we have a clearer view of its impact on corporate earnings. This is the stage where active portfolio management can bring significant added value with the appropriate stock selection.”  — J-P Chevalier & Marc Gagnon 

“With the valuation-driven selloff behind us and cyclical profits more at risk going forward, we see many dislocations in themes where valuations are just too good to pass up...” — Jean-Pierre Chevalier

“Since inflation remains much higher than target in most jurisdictions, we believe central banks will continue their course of aggressive rate increases, which should flatten the yield curve further.” — Alexandre Morin

“As compared to year-end 2021, we find there are many interesting investment opportunities in both our Canadian and US mandates, and we believe it is a great time to be an active manager.” — Donny Moss

The Canadian market is resilient as US equity valuations reach historically low levels. Find out why.