CI positions portfolios for global growth

Financial and energy stocks are among Signature team's cyclical plays, says CIO Eric Bushell.

Sonita Horvitch 22 February, 2017 | 6:00PM

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.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Bank of Nova Scotia54.46 CAD0.46
Canadian Natural Resources Ltd21.63 CAD-1.77
Citigroup Inc42.02 USD-0.40
Enbridge Inc40.20 CAD1.52
Encana Corp11.53 CAD-2.12
Halliburton Co12.37 USD-1.20
Nabors Industries Ltd24.52 USD3.81
Patterson-UTI Energy Inc2.86 USD-1.55
TC Energy Corp59.71 CAD1.81
Wells Fargo & Co23.64 USD1.37

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Sonita Horvitch

Sonita Horvitch  

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