Extra-long stock holds turn gold

Canoe’s Nadim Rizk picks names that remain relevant and retain enduring talent – for up to 25 years

Diana Cawfield 5 September, 2019 | 1:59AM

Gold

Warnings of a global recession, the end of a bull market, the aftermath of the 2020 U.S. presidential election, ongoing tensions in China, and multiple other woes, are of no concern for Nadim Rizk, lead manager of the gold-rated Canoe Global Equity mandate.   

That’s because Rizk, senior vice president and lead portfolio manager, global equities, for Montreal-based Fiera Capital Corp., a subadvisor for Calgary-based Canoe Financial LP, is a highly long-term stock picker with a holding period of 10 to 25 years. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Diageo PLC ADR128.33 USD0.00
Moody's Corporation280.04 USD0.00
Schindler Holding AG190.00 EUR0.00

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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