Asset allocation quarterly

David Wolf and David Tulk

Asset allocation quarterly – from a Canadian perspective

 

 

When the secular and the cyclical align

Fourth Quarter 2018

David Wolf and David Tulk discuss their positioning in the Canadian multi-asset class funds. They continue to actively overweight foreign assets in the funds, in light of challenges on both the secular and cyclical horizon.

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Wary of a perfect storm

Third Quarter 2018

David Wolf and David Tulk discuss their positioning in the Canadian multi-asset class funds. They are taking an even more defensive positioning in the domestic market in light of the possibility of a “perfect storm” brewing in the Canadian economy.

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Positioning for rising interest rates

Second Quarter 2018

David Wolf and David Tulk discuss how they are positioning the Canadian multi-asset class funds in light of the possibility of higher interest rates. They feel that with their active asset allocation process, they can address the challenge.

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Dividing labour, adding return

First Quarter 2018

David Wolf and David Tulk discuss their asset allocation process for the management of the multi-asset class funds. By harnessing the division of labour, this enables them to actively “tilt” the funds, including along the value vs. growth dimension, all with the goals in mind of adding return and managing risk.

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One out of three ain’t good

Fourth Quarter 2017

In this Fourth Quarter Asset Allocation Report for 2017, David Wolf and David Tulk discuss their conviction that to address imbalances in the Canadian economy, the Canadian dollar (CAD) needs to weaken again.

They discuss the market positioning of Fidelity Canada’s multi-asset class funds in light of this conviction. They have taken the opportunity of what looks like an unsustainable bounce in the CAD to steer further away from CAD-denominated assets.

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Sale on foreign assets! Limited time!

Third Quarter 2017

In this Third Quarter Asset Allocation Report for 2017, David Wolf and David Tulk discuss how they continue to see risks to an imbalanced Canadian economy. They discuss the market positioning of Fidelity Canada’s multi-asset class funds in light of this current market environment. They are diversifying further from the domestic market into unhedged foreign assets, where opportunities look most favourable.

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