2021 Returns to Lag 2020

A Toronto-based manager looks outside of the US for returns and one of the Hong Kong-listed company is his favorite. 

Michael Ryval 17 June, 2021 | 8:00
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Global equity markets are in a buoyant mood, thanks to vaccination drives and massive fiscal and monetary stimulus packages. Though the robust market recovery caught veteran stock picker Dana Love by surprise, he argues that valuations are at elevated levels and it may be difficult to replicate past returns.

“I didn’t have expectations for the outcome of the pandemic. Back in April 2020, I noted that this was uncharted territory and there were a lot of uncertainties,” says Love, vice-president and senior portfolio manager at Toronto-based 1832 Asset Management LP, a unit of Bank of Nova Scotia. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Techtronic Industries Co Ltd155.80 HKD0.84

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Michael Ryval  

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