Manager Sees Value in Overvalued Sectors

Mawer New Canada’s Jeff Mo considers current market valuations elevated compared to historical averages, with some exceptions.

Diana Cawfield 30 September, 2021 | 1:08AM
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In the Canadian small-cap universe, Jeff Mo, lead manager of the bronze-rated Mawer New Canada Fund, considers current market valuations elevated compared to historical averages, with some exceptions. Mo is a portfolio manager at Calgary-based Mawer Investment Management Ltd., and lead manager of the newly-launched Mawer U.S. Mid-Cap Equity Fund.

“With the current low interest-rate environment,” says Mo, “as well as the expectation that the economy should continue to recover after the pandemic-driven recession, Mawer also sees an argument for why stocks may not be overvalued.” 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Colliers International Group Inc173.49 CAD0.64
GDI Integrated Facility Services Inc54.73 CAD-1.95
North American Construction Group Ltd19.91 CAD-0.05
Softchoice Corp Ordinary Shares29.16 CAD0.10
Stantec Inc60.99 CAD-0.78

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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