A staple diet for a conservative global manager

Mackenzie Ivy's Paul Musson favours consumer stocks.

Sonita Horvitch 1 August, 2012 | 6:00PM

 Paul Musson, head of the Ivy team at Mackenzie Financial Corp., says that leading global consumer-staples companies -- provided their valuations remain attractive -- will continue to feature prominently in Mackenzie Ivy's foreign and European portfolios.

"Right now our models tell us that these stocks are still reasonably priced, though not cheap," says Musson, senior vice-president, investments. Musson was last year's winner of the Morningstar Foreign Equity Fund Manager of the Year award at the annual Morningstar Canadian Investment Awards gala.

The Ivy team's investment philosophy is very much a buy-and-hold one. "We run concentrated portfolios of stocks and control risk through our qualitative assessment and our discipline in monitoring the stock's valuation," says Musson.

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Sonita Horvitch

Sonita Horvitch  

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