“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
Key Takeaways:
- First-quarter earnings are better than expected so far.
- We’re turning a bit more cautious on energy.
- The portfolio is positioned defensively ahead of an economic slowdown.
Donny Moss, CFA
Senior Director, Portfolio Manager, North American Equities, iAGAM
"iAGAM" is a tradename under which iA Global Asset Management Inc. and Industrial Alliance Investment Management Inc. operate.
