Chris Kerlow of Canaccord Genuity Wealth Management says one needs to be pragmatic but opportunistic in deploying capital to areas in which there’s long-term upside
His model portfolio, which includes about 50 per cent equities, 25 per cent fixed income and 25 per cent alternatives investments, is up 5.1 per cent year-to-date as of June 19, gross of fees., which he says generates “decent” returns of about 5 per cent. The cash position is down from 14 per cent held in the portfolio in October last year and March this year, when markets dropped.
“It gives us dry powder to be opportunistic when short-term opportunities present themselves,” he says. The alternative investments in the portfolio include Sun Life KBI Sustainable Infrastructure Pool, WaveFront Global Diversified Investment Class, Picton Mahoney Fortified Arbitrage Plus Alternative Fund, Sun Life Wellington Opportunistic Fixed Income Private Pool and a small position in Purpose Ether Yield ETFThe Globe and Mail spoke recently with Mr. Kerlow about what he has been buying and selling and one stock he wished he had more of right now.We take a multidisciplinary approach.
As a result, we’ve been reducing our U.S. holdings in favour of equities in Europe and Japan through holdings like
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