Amid negative sentiment, Robert Taylor sees value in many Canadian stocks

Canoe Canadian Asset Allocation manager employs a tactical approach.

Diana Cawfield 12 July, 2018 | 5:00PM

Negative sentiment in Canada is creating investment opportunities for Robert Taylor, lead portfolio manager of the $217-million Canoe Canadian Asset Allocation. Taylor, based in Toronto, is a senior vice-president with Calgary-based Canoe Financial.

"Whether it is concerns about trade, about the housing market or the political environment," says Taylor, "we're starting to see value in a lot of the Canadian stocks. We think we're at the early stage of a late-cycle business move. Commodities are starting to outperform here, and as a result, Canada should be a beneficiary of that."

Primarily a tactical mandate, the Morningstar 5-star rated fund follows an investment approach that is meant to be flexible and nimble. "When times are good," says Taylor, "the flexibility can be more aggressive and we can allocate more money to equities and less to bonds."

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Bank of Nova Scotia57.20 CAD1.82
Great Canadian Gaming Corp29.74 CAD4.61
Tourmaline Oil Corp14.48 CAD3.50

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.

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