Attractive energy stocks abound

AGF's Peter Frost considers that bond yields have bottomed and is switching his focus back to equities.

Sonita Horvitch 27 August, 2014 | 10:09PM

Peter Frost, senior vice-president and portfolio manager at AGF Investments Inc., has reduced his holdings in government bonds and raised cash, which he is selectively deploying in the equity sleeve of his income-oriented balanced funds.

A sector that he has been adding to is energy, which represents the biggest sector weight in the equity component of his balanced fund mandates. "There are a number of high-profile energy stocks on both sides of the border that are attractive," Frost says.

Frost employs a tactical asset allocation strategy in the two income-oriented balanced funds that he manages: AGF Monthly High Income and AGF Traditional Income. In this active approach to asset mix, he rebalances the percentage of the portfolio held in stocks, bonds and cash on an ongoing basis, "so as to take advantage of shorter-term trends in financial markets."

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Sonita Horvitch

Sonita Horvitch  

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