Prime your portfolio for a maturing market cycle

As the tides turns, there are ways you should be repositioning your portfolio

Andrew Willis 5 February, 2019 | 6:00PM

Those reminiscent of 2008 may still share a sensitivity to the word ‘cycle’, however, the progression through a business cycle doesn’t necessarily lead to a predefined outcome.

There are ways you could, and should, be positioning your portfolio to help ensure your holdings can ride, if not surf, the tide, according to Paul MacDonald, CIO & Portfolio Manager at Harvest ETFs, managed by Harvest Portfolios Group.

“The business cycle in North America is maturing. It is not the end of the cycle. It is not a bad thing and is not an end of the bull market,” says MacDonald, adding that he believes we are mid-late cycle and that investors should be focusing on quality companies as well as adding some defensive exposure that can perform well during the late stages of the cycle.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Emera Inc40.69 USD0.03
Fortis Inc40.20 USD0.88

About Author

Andrew Willis

Andrew Willis  Andrew Willis is a content editor for Morningstar.ca.

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