Q: Can you please describe how you approach "swaps" in a portfolio? By that I mean swapping out one company for a very similar company in the same industry. You did this somewhat recently in removing Sun Life from the BE portfolio for Intact. (In that case I recall it was due to a better growth profile.)
My general sense is you have liked CNQ better than SU for a while now, for example. And TD better than BNS. Feel free to correct if this is not how you see it.
Appreciate there is a benefit to a certain amount of stability in the portfolio, so you won't bouncing stocks out every time the wind changes. But I'd interested in your thoughts on how you think of this aspect of portfolio construction. For example, in what circumstances might precipitate a swap in these or other cases? When would you hold still even if you like an alternative stock slightly better?
Thanks very much.
My general sense is you have liked CNQ better than SU for a while now, for example. And TD better than BNS. Feel free to correct if this is not how you see it.
Appreciate there is a benefit to a certain amount of stability in the portfolio, so you won't bouncing stocks out every time the wind changes. But I'd interested in your thoughts on how you think of this aspect of portfolio construction. For example, in what circumstances might precipitate a swap in these or other cases? When would you hold still even if you like an alternative stock slightly better?
Thanks very much.
Q: It is time to make my 2025 RRSP contribution. I follow the 5i Balanced Equity Portfolio (mostly) for this account. I would like to add to 4-5 positions, which should I add to at this time?
Note that I am currently overweight BNS, BAM/BN, OTEX, PBH, SIS and do not wish to initiate a position in SU.
Thank you.
Note that I am currently overweight BNS, BAM/BN, OTEX, PBH, SIS and do not wish to initiate a position in SU.
Thank you.
Q: Hi there, a couple weeks ago I asked if you were to build a US portfolio to replicate the BEPORT using CDRs, which stocks would you use. Thank you for the great guidance. Recently there has been 10 new CDRs added. Would you make any changed to your original list from a couple weeks ago based on the new CDRs below?
Airbnb CDR (CAD Hedged) – ABNB
Applied Materials CDR (CAD Hedged) – AMAT
Arista Networks CDR (CAD Hedged) – ANET
Blackstone CDR (CAD Hedged) – BX
Chipotle CDR (CAD Hedged) – CMGS
Merck CDR (CAD Hedged) – MRK
Occidental Petroleum CDR (CAD Hedged) – OXY
Oracle CDR (CAD Hedged) – ORAC
Palantir CDR (CAD Hedged) – PLTR
Wells Fargo CDR (CAD Hedged) – WFCS
For reference, this was your previous answers:
"We are not going to allocate via sector nor weightings here, but some of our favourite CDRs would be: BRK.B, ISRG, BKNG, JPM, RTX, GOOG, AMZN, MSFT, NVDA, LLY, CVX, COST, CRWD, UNH, PG, UBER, XOM, V"
Thanks!
Airbnb CDR (CAD Hedged) – ABNB
Applied Materials CDR (CAD Hedged) – AMAT
Arista Networks CDR (CAD Hedged) – ANET
Blackstone CDR (CAD Hedged) – BX
Chipotle CDR (CAD Hedged) – CMGS
Merck CDR (CAD Hedged) – MRK
Occidental Petroleum CDR (CAD Hedged) – OXY
Oracle CDR (CAD Hedged) – ORAC
Palantir CDR (CAD Hedged) – PLTR
Wells Fargo CDR (CAD Hedged) – WFCS
For reference, this was your previous answers:
"We are not going to allocate via sector nor weightings here, but some of our favourite CDRs would be: BRK.B, ISRG, BKNG, JPM, RTX, GOOG, AMZN, MSFT, NVDA, LLY, CVX, COST, CRWD, UNH, PG, UBER, XOM, V"
Thanks!