Resources Discussion (ETF Conference)
Aleksy Wojcik, CFA
Portfolio Manager
published January 2024
posted in Insights
When Quality Stumbles
‘Quality’ as a distinct category or style of investing is relatively new, growing in popularity during the early part of the century and gaining a strong foothold amongst the investment world post the global financial crisis. What perhaps has been lost on many investors though is the fact that, like all assets, quality needs to be underpriced to outperform in the long run. Valuations matter!
published December 2023
posted in Soundbites
Company Spotlight: Ahold Delhaize NV
Co-CIO, Stephen Jenkins, provides an update on one of Sionna's holdings, Ahold Delhaize, and why we believe it is an attractive opportunity for value investors.
published December 2023
posted in Video
Value – a Bullish Outlook? (ETF Conference)
Kim Shannon, CFA, MBA
Founder and Co-CIO
published December 2023
posted in Media
Nine Canadian Fund Managers Offer Their Top Picks and Portfolio Advice for 2024 (The Globe & Mail)
Sionna's Founder and Co-CIO, Kim Shannon, discusses the attractive Canadian market and highlights a current holding.
published December 2023
posted in Soundbites
Odds are Value is a Compelling Buy Now
Although there is not a completely reliable/foolproof predictive tool, a study of market history can provide some useful guideposts to steer wary investors. In this Soundbite, we share some historical charts that we believe illustrate how investors have interacted with market fundamentals previously, which appear to offer some rough guideposts in today’s market.
published November 2023
posted in Media
How on Earth do you Allocate Effectively When the U.S. Market has Grown so Large? (The Brandes Center)
Sionna's Founder and Co-CIO, Kim Shannon, participated in a discussion where members of The Brandes Center's Advisory Board shared ideas on what defines a "neutral" country allocation.
published October 2023
Energy Transition Opportunities: North American LNG
By the middle of this decade, we will likely be into the next phase of potentially lower global carbon emissions with the continued replacement of higher emission energy (coal) with lower emission options (natural gas). We will likely see North America solidified as a global cleaner energy exporter and energy independence also may occur within this timeframe. We believe there are plenty of investment opportunities within the energy space that will help the world reach this next phase, but patience is required.
published July 2023
posted in Insights
A New Type of Trap
As value investors, we are often asked (sometimes more often than we would like!) how our investment process avoids the well-known value trap. So, at the 2023 Value Investor Conference held in London, when Ben Inker of GMO spoke about a little-known concept – that of growth traps – he confirmed our long-held suspicion that growth stock disappointments can be bigger threats to investor portfolios than the oft discussed value trap. His analysis piqued our interest.