Advisor.ca has access to the industry’s top analysts and commentators, and they’ve had plenty to say recently about the direction the market is heading in, and how to take advantage of it.
Here are some our hottest articles from the past week:
Vik’s Pick: Time to move into gold, says Sprott
People are focusing on equities, so precious metals aren’t getting much attention. The latest data from the World Gold Council shows the demand for gold has hit its lowest mark in three years. The council’s managing director, Marcus Grubb, has gone on record saying he doesn’t expect to see a spurt in demand this year.
Equities are the only game in town: BMO expert
Despite continued strong performance, high-quality U.S. equities are “probably the only game in town,” says Stephane Rochon, vice-president and managing director, BMO Nesbitt Burns.
Plenty of gas left for U.S. equities
U.S. equities have been on fire, but there’s still plenty left in the tank for investors looking for strong returns, Jim Morrow, portfolio manager, Fidelity U.S. Dividend Fund, and John Roth, portfolio manager, Fidelity U.S. All Cap Fund, said at an event today in Toronto.
Bond indices don’t accurately gauge markets
There’s quite a difference between equity and bond indices. So says Patrick Bradley, product specialist with the global fixed-income team at Brandywine Global Investment Management in Philadelphia. He co-manages the Renaissance Optimal Income Portfolio.
Most investors employ active management in an attempt to achieve market beating performance, but I don’t believe investors fully realize just how likely it is they’ll have to endure bouts of short- or long-term underperformance to achieve superior results.
Intuitively, people know good value and want to buy items when they’re on sale. This also applies to the stock market. We can examine multiples, but determining true value requires understanding business fundamentals. Buying a fridge on sale is a done deal — the price paid relative to its value and utility is known. But buying a stock on sale is more complex: context matters and utility is uncertain.