2021 Returns to Lag 2020

1832 Asset Management’s Dana Love says that equity valuations are far higher than a year ago and it may be challenging to replicate last year’s strong results.

Michael Ryval 10 June, 2021 | 3:54AM
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Global equity markets are in a buoyant mood, thanks to vaccination drives and massive fiscal and monetary stimulus packages. Though the robust market recovery caught veteran stock picker Dana Love by surprise, he argues that valuations are at elevated levels and it may be difficult to replicate past returns.

“I didn’t have expectations for the outcome of the pandemic. Back in April 2020, I noted that this was uncharted territory and there were a lot of uncertainties,” says Love, vice-president and senior portfolio manager at Toronto-based 1832 Asset Management LP, a unit of Bank of Nova Scotia. Among other funds, Love manages the 5-star gold-rated $363.7 million Dynamic Blue Chip Equity.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Dometic Group AB135.45 SEK0.00
Dynamic Blue Chip Equity F18.00 CAD-0.68Rating
Techtronic Industries Co Ltd160.20 HKD0.00

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Michael Ryval  

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