Multi-Asset Investing

With the reopening trade well under way, Fred Demers and Brittany Baumann of the Multi-Asset Solutions Team dive deeper into recent changes made in the portfolio. From commodity prices to China’s “first in, first out” role in the pandemic, they break down the core drivers for an overweight position on Canadian equities, a neutral stance on US and Emerging Markets, and an overall tilt away from fixed income. They also discuss the recent Canadian federal budget announcement, and what it means for multi-asset investors. 

Speakers: Fred Demers, Director, Multi-Asset Solutions Team; Brittany Baumann, Associate Portfolio Manager, Multi-Asset Solutions Team         

Disclosures

The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance.

Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although such statements are based on assumptions that are believed to be reasonable, there can be no assurance that actual results will not differ materially from expectations. Investors are cautioned not to rely unduly on any forward-looking statements. In connection with any forward-looking statements, investors should carefully consider the areas of risk described in the most recent simplified prospectus.

BMO Global Asset Management is the brand name for various affiliated entities of BMO Financial Group that provide investment management, and trust and custody services. BMO Global Asset Management comprises BMO Asset Management Inc., BMO Investments Inc., BMO Asset Management Corp., BMO Asset Management Limited and BMO’s specialized investment management firms. Certain of the products and services offered under the brand name, BMO Global Asset Management are designed specifically for various categories of investors in a number of different countries and regions and may not be available to all investors. Products and services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations. BMO Financial Group is a service mark of Bank of Montreal (BMO).

®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.

At the start of the new quarter, Steven Shepherd and Brittany Baumann of the Multi-Asset Solutions Team offer a timely update on their portfolio strategy, explaining which positions could benefit in a reopening trade – and beyond. Our experts dive deep into equities and fixed income, discussing their views on regional allocation, persistent strength in small caps and rising bond yields. They also touch on recent economic data from the US and Canada, which may foreshadow market movements yet to come. 

Speakers: Steven Shepherd, Director and Portfolio Manager, Multi-Asset Solutions Team; Brittany Baumann, Associate Portfolio Manager, Multi-Asset Solutions Team 

 Disclosures:

The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance.

 Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although such statements are based on assumptions that are believed to be reasonable, there can be no assurance that actual results will not differ materially from expectations. Investors are cautioned not to rely unduly on any forward-looking statements. In connection with any forward-looking statements, investors should carefully consider the areas of risk described in the most recent simplified prospectus.

BMO Global Asset Management is the brand name for various affiliated entities of BMO Financial Group that provide investment management, and trust and custody services. BMO Global Asset Management comprises BMO Asset Management Inc., BMO Investments Inc., BMO Asset Management Corp., BMO Asset Management Limited and BMO’s specialized investment management firms. Certain of the products and services offered under the brand name, BMO Global Asset Management are designed specifically for various categories of investors in a number of different countries and regions and may not be available to all investors. Products and services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations. BMO Financial Group is a service mark of Bank of Montreal (BMO).

®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence. 

Bond markets have been a trouble spot in recent weeks, as inflation fears drive a sharp increase in long-term yields. Should investors reduce their duration risk and seek shelter elsewhere? Or should they hold steady, and wait for the storm to pass? In this episode, Steve Shepherd and Brittany Baumann of the Multi-Asset Solutions Team offer valuable insights about the road ahead, taking a closer look at the credibility of inflation anxiety and offering inflation-hedging strategies to help safeguard the portfolio.

Speakers: Stephen Shepherd, Director and Portfolio Manager, Multi-Asset Solutions Team; Brittany Baumann, Associate Portfolio Manager, Multi-Asset Solutions Team 

Disclosures:

The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance.

 Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although such statements are based on assumptions that are believed to be reasonable, there can be no assurance that actual results will not differ materially from expectations. Investors are cautioned not to rely unduly on any forward-looking statements. In connection with any forward-looking statements, investors should carefully consider the areas of risk described in the most recent simplified prospectus.

 BMO Global Asset Management is the brand name for various affiliated entities of BMO Financial Group that provide investment management, and trust and custody services. BMO Global Asset Management comprises BMO Asset Management Inc., BMO Investments Inc., BMO Asset Management Corp., BMO Asset Management Limited and BMO’s specialized investment management firms. Certain of the products and services offered under the brand name, BMO Global Asset Management are designed specifically for various categories of investors in a number of different countries and regions and may not be available to all investors. Products and services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations. BMO Financial Group is a service mark of Bank of Montreal (BMO).

®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.

Taking stock of the year that was, Fred Demers, Director of the Multi-Asset Solutions Team, raises the curtain on the decade ahead, starting with a much-anticipated return to normalcy in 2021. From the vaccine roll-outs to the eagerness for travel and leisure, Fred charts a path forward and looks at the transition from the old economy to the new, where he makes a strong argument for quality over growth-at-all-costs.

For more information, listen to the episode or read the full report: MAST 2021 Outlook: The Great Normalization.

Speakers: Fred Demers, Director, Multi-Asset Solutions Team (MAST) at BMO Global Asset Management.