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iAGAM Investment Funds | 2024 first quarter review

April 25, 2024

Strong start to the year, find out why.

 


Maxime Houde
, CFA

THEMATIC INNOVATION (iA)
Strong start to the year

  • Semiconductor investments proved beneficial in Q1 2024.
  • We added Datadog and Vertiv to the portfolio.
  • We maintained a barbell approach with afocus on innovation trends.

   Read the article

 

Alexandre Morin, CFA

David McCulla, CFA

BOND (iA)
Strong performance in the first quarter

  • The corporate and municipal segments contributed positively to performance in Q1.
  • We positioned the portfolio for a yield curve steepening movement amid rate cut expectations.
  • We maintained an overweight positioning in investment grade corporate credits.

  Read the article

FIXED INCOME MANAGED PORTFOLIO (iA)
Strong performance to start the year

  • The enhanced bucket of the fund drove overall performance.
  • We increased our exposure to IG corporate credit.
  • We believe the current inverted yield curve will begin to steepen when the first-rate cuts occur.

  Read the article

 

Maxime Houde, CFA


Marc Gagnon
, MSc, CFA

NORTH AMERICAN EQUITY (iA)
Strong start to 2024

  • The fund’s performance was mainly driven by the information technology and industrials sectors.
  • We increased our Canadian Equity allocation, while maintaining AI exposure in the U.S.
  • We see opportunities in cyclical and interest rate sensitive sectors.

Read the article

 

Dan Rohinton

DIVIDEND GROWTH (iA)
Consumers pinched, commodities ripped

  • The fund’s performance was mainly driven by the consumer staples and materials sectors.
  • We initiated positions in Alphabet and Lowe’s.
  • We have been actively adding to our energy and materials exposures.
 Read the article

 

GLOBAL DIVIDEND (iA)
Taking selective risk

  • The consumer discretionary sector drove performance in Q1.
  • Emphasis was placed on owning high-quality businesses with balanced end market exposure.
  • We continued to believe in diversification across sectors and individual securities.

  Read the article

 

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"iAGAM" is a tradename under which iA Global Asset Management Inc. and Industrial Alliance Investment Management Inc. operate. 

 


DISCLAIMER
This document was produced for informational purposes only and does not constitute an offer or invitation to anyone to buy or sell any security, nor does it indicate an intention to trade in any fund or account managed by iA Financial Group and its subsidiaries. It is intended for advisor use only and should not be reproduced without permission. 

The information provided herein does not constitute financial, tax or legal advice. Investors should always consult a licensed financial advisor before making any investment decisions. The commentary on a Fund is provided by the portfolio manager who is responsible for managing the Fund's investment portfolio as specified in the Information Folder and the Fund Facts document ("Portfolio Manager"). Statements made by the Portfolio Managers represent their personal views and do not necessarily reflect the views of iA Financial Group and should not be construed otherwise. This information does not constitute a recommendation to buy or sell any particular security. Results are for illustrative purposes only. Fund managers may buy and sell securities at any time, and the value of the securities they hold may rise or fall. Past performance of a security may not be repeated. Unless otherwise indicated, the information is from the portfolio manager.  Forward-looking statements are based on the portfolio manager's outlook at the time they are made. Actual events may differ. iA Financial Group assumes no obligation to update the information provided herein. The information contained herein may not reflect all of the terms, conditions and risks of investing in segregated funds. Please read the Information Folder and the Fund Facts document for more details on the specific risks of investing in segregated funds.

Any amount allocated to a segregated fund is invested at the risk of the contractholder and may increase or decrease in value. The returns shown, if any, are the net returns of the MER. Commissions, trailing commissions, management fees and expenses all may be associated with investments in segregated funds. Please refer to the Information Folder and the Fund Facts document before investing. Although segregated funds offer guarantees, their values change frequently and past performance may not be repeated.

© iA Financial Group, 2023. All rights reserved. iA Financial Group, iA Wealth Management, Clarington Investments are trademarks of Industrial Alliance Insurance and Financial Services Inc. and are used by it and its affiliates under license.

Topic : Portfolio Managers

Written by iAGAM

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