The natural question is: why do investors believe that their risk tolerance is higher than it is? We believe that this inconsistency is related to something that we have long argued at Sionna, which is that the markets reflects human nature as much as underlying fundamentals.
Quand ça joue dur à la Bourse, il vaut mieux miser sur une stratégie défensive, sur des sociétés robustes qui versent des dividendes élevés. Quels titres repêcher ? Trois gestionnaires nous présentent les joueurs étoiles au Canada, aux États-Unis et en Europe.
After a lost decade of stock market returns, investors may wonder whether the “buy and hold” approach to investing is dead. Of course, it is not uncommon for the investment community to question the merits of long-term investing during periods of high volatility.
When the stock market heats up, wise investors adopt a defensive strategy and focus on solid companies that pay big dividends. But how do you find these companies? Three investment managers have selected stars for us in Canada, the United States, and Europe. (Translation of "La revanche des titres à dividende").
This one's for all the investors who are thinking about getting out of the stock market. Don't do it.
Stocks have hurt many people in the past few years, but they're still an essential portfolio component if you can wait at least five or 10 years and you can stand more ups and downs. It's not just me saying so.
Value mutual fund managers Sionna Investment Managers says the old rule of thumb that an ounce of gold should buy a good man's suit suggests gold is currently overvalued by about 50%.
As keen students of financial history, we have spent time over the years trying to gain a better understanding of what drives markets over longer periods of time and have identified several fundamental factors that tend to result in market outperformance.
Canada is now one of the most expensive developed stock markets in the world, lagging only Denmark and Hong Kong, warns award-winning value mutual fund manager Kim Shannon.
Canada has long been associated with commodities, and our stock market is no different. Half of the value of the S&P/TSX Composite Index is derived from cyclical stocks in the resource sectors, energy and materials.
When measured by market capitalization, resources companies now make up slightly more than half of Canada's equity market, and to a large degree have overshadowed other sectors. In this week's Canadian equities roundtable, we asked our panel of value managers to look beyond the rocks, trees and oilfields for attractively priced non-resources stocks. The panelists were, Kim Shannon, president and CEO of Toronto-based Sionna Investment Managers Inc, Mark Thomson, managing director and head of research at the value manager Beutel Goodman & Co. Ltd. and Ian Hardacre, vice-president and head of Canadian equities at Invesco Trimark Ltd. They spoke with Morningstar columnist Sonita Horvitch, whose three-part series continues on Wednesday and Thursday.