Marcello Montanari of RBC Global Asset Management is a growth-oriented investor in sectors such as technology and life sciences
Today’s declining interest-rate environment is providing investment opportunities for growth-oriented money manager Marcello Montanari, particularly in the life sciences and technology space in which he invests.
Mr. Montanari describes his team “first and foremost” as business analysts who try to understand industries and businesses, and then as stock analysts who use their picks to build durable portfolios. “Depending on economic conditions, we will toggle this barbell back and forth to reflect whether we want to be more defensive or more aggressive with the portfolio,” Mr. Montanari says.The fund has returned 25.4 per cent year to date and 31.9 per cent over the past 12 months. Its three-year annualized return is 12.3 per cent and its 10-year annualized return is 18.4 per cent. The performance is based on total returns, net of fees, as of Aug. 31., the Austin, Tex.
Ciena’s traditional business supplies telecommunications and cable companies with gear, which is turning around after a glut of inventories during the pandemic. We believe it will be a key participant in artificial intelligence infrastructure, with a new product cycle coming out specifically for data centres.
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