Portfolio Construction – December 2020
Alfred Lam, CFA, Senior Vice-President and Chief Investment Officer Marchello Holditch, CFA, CAIA, Vice-President and Portfolio Manager CI Multi-Asset Management
Closing out 2020 Last month, global equity markets surged as news around COVID-19 vaccine candidates gave investors hope that an economic recovery was plausible. Regionally, developed international equities provided the strongest returns, while beaten down sectors (real estate, energy and financials) and styles (value) came back into favour. In the U.S., Joe Biden was pronounced president-elect after a week of vote counting. However, Democrats fell short of the much anticipated “blue sweep” as Republicans held the Senate. Our portfolios delivered strong performance in November as overweight exposure to equities and credit contributed to performance.
Read the full commentary here: >> 2020 December- Portfolio Construction