Noise in the markets doesn’t phase this portfolio manager

“These companies – are at the most profitable levels they’ve ever been,” says Damian Fernandes, Vice-President and Director at TD Asset Management

Diana Cawfield 21 March, 2019 | 2:00PM

“Right now I’m running 8.5% more equities - consistent with where I think the cycle is right now,” says Damian Fernandes, Vice-President and Director at TD Asset Management in Toronto. 

“It’s our belief to turn off the TV. There’s just so much noise - and it confuses the underlying profitability that we’re living,” says Fernandes. “The companies that we own, versus their own history and versus their peers, are at the most profitable levels that they’ve ever been. And I think that’s the hidden gem or the value creation.”

The focus on businesses with cash flow generation drives the four-star TD Diversified Monthly Income fund, according Fernandes, the lead manager.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Airbus SE75.00 USD-11.70
Canadian National Railway Co103.25 CAD-5.58
Enbridge Inc38.87 CAD-7.32
Suncor Energy Inc16.43 CAD-8.57

About Author

Diana Cawfield

Diana Cawfield  Diana Cawfield is an award-winning writer who has been a regular Morningstar contributor since 2000. Her numerous publication credits include the Toronto StarAdvisor's Edge and Chatelaine, as well as the Canadian Securities Institute's online educational services.