Invesco Canada blog

Insights, commentary and investing expertise

2018 Investment Outlook: Global equities: Risks, uncertainties, and opportunities

Short-term forecasting is a fun, but not often a particularly profitable, exercise. To think one can predict what the next year holds is folly, and to assume you could profit from that prognostication is dubious. In 2016, would you have predicted Donald Trump would be inaugurated in 2017 as the next U.S. president? If so, how would you have expected markets to react? Consider everything we’ve seen in the past year or so:

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Say goodbye to closet indexers


November 1, 2017
Subject | Active management | Institutional | Trimark

I’m writing here in response to questions I’ve received from advisors and to piggyback on comments I’ve made at our recent due diligence events. First, I’m going to dispense with the strict “active vs. passive” construct of the current debate. I’ll make my case for the value of true active management and introduce you to the elements of a portfolio that I believe make it truly active. I’m going to cover a lot of ground here, but I’ll do my best to keep it concise.

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The numbers show why stock picking matters in emerging markets


November 25, 2015
Subject | Active management | Institutional | Trimark

Trimark portfolio managers have been talking a lot about valuations in emerging markets recently, calling out the region as one of the few undervalued areas of the market. By selectively adding to emerging markets holdings, as Jeff Feng, the team’s Head of Emerging Markets* discussed recently, the team has supported those words with actions. Let’s take a look at how the team’s convictions have played out so far.

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Answering your questions about cash deployment


November 27, 2014
Subject | Active management | Trimark

There are a handful of Trimark funds that started this year with fairly high cash weightings – the Trimark small-cap funds among them – and we’ve received a few questions from advisors about cash deployment, specifically during the most recent bout of market volatility. Fortunately, this is a forum that allows us to respond to your questions as they come in.

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Question: High cash levels make me nervous. When will you start buying again?

It makes me nervous when a Trimark manager has an unusually high amount of cash. In the past this has been a good indication that a pullback of some kind is coming. What catalyst do you need to start putting the cash to work? Are you waiting for a pullback or are there other scenarios that would result in you becoming a buyer again?       –Andrew

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Morningstar interview: Why I believe in a concentrated portfolio


May 30, 2013
Subject | Active management | Trimark

I am a big believer in a concentrated portfolio. I think it leads to higher quality decision-making and ultimately, better companies in the portfolio. I spoke with Morningstar Canada recently and emphasized this during a wide-ranging interview about Trimark U.S. Small Companies Class.  

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