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“In late May, NVIDIA briefly entered the trillion-dollar market capitalization club, joining esteemed peers such as Apple, Meta, Amazon and Microsoft.” — Maxime Houde, iAGAM

“The economic downturn is slow to materialize, but we think it could arrive in late 2023, when it may become appropriate to add more risk to the portfolio.” — Donny Moss, iAGAM

“We are maintaining our overweight in quality credits, although we are closely monitoring the onset of any recession-related widening.” — Alexandre Morin, iAGAM

In both Canada and the US, the information technology sector was the best performer in May, driven in part by significant investor optimism towards advances in artificial intelligence technology.

Effective immediately, iA Global Asset Management announces that the Global True Conviction Fund is now managed by Marc Gagnon, for the Canadian sleeve and Dan Rohinton, for the U.S. and international sleeves.

Relatively speaking, we think structural growth stocks will be favoured in the coming low-to-negative GDP growth environment.” — Marc Gagnon & Maxime Houde, iAGAM

“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

“At the same time, we’re prepared to take advantage of any volatility associated with the current U.S. debt ceiling battle.” — Alexandre Morin, iAGAM

“We think large language models, such as ChatGPT, are this tech cycle’s ‘iPhone moment’ and will have major repercussions across the technology ecosystem and the economy.” — Maxime Houde, iAGAM

Wellington Square and our subsidiary iA Clarington have put together another informative video, where they provide an update on Core Plus Bond (Wellington Square) and Floating Rate Income (Wellington Square) Fund.