Eric Bushell, chief investment officer at Toronto-based Signature Global Asset Management, says that investors should be less defensive in their asset allocation and increase their equity exposure.
The global economy is in far better shape than it has been since the global financial crisis, says Bushell. "The outlook for rising global economic growth in both the developed and developing world is promising." Granted, he says, the equity market has priced in a lot of good news, "but we are anticipating an earnings growth spurt." Also, he notes, "investors remain skeptical about equities, which is positive."
Bushell and his team are responsible for managing some $53 billion at Signature, a separate portfolio-management group under CI Investments Inc.'s umbrella. The assets are in both equities and fixed income.
