“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
Key takeaways from his comment:
- The global economy is slowing, inflation remains high, central banks are forging ahead with aggressive monetary tightening and the bear market in equities rages on.
- The equity market needs to climb a wall of worry to re-establish a strong base to build on.
- Positive stock selection in communication services and industrials was the highlight of the fund’s performance.
- The widespread shortages in the labour market and the energy crisis in Europe are favouring the economics of multiple innovation themes and accelerating their adoption.
Jean-Pierre Chevalier, CFA
Senior Director, Portfolio Manager, U.S. Equities and Thematic Investing, iAIM
