June Report from DM

Putting Size Advantage to Good Use

In the past, we’ve alluded to the inverse relationship that often exists between investment manager size and the ability to add value beyond the broad market index. This is especially true in Canada where, on one hand, banks and mutual funds have gathered massive amounts of investor capital (in many cases exceeding $100 billion) but on the other, many of the most attractive companies in the TSX are comparatively small.

Click here to read more:  DM-Monthly-Report-Jun-15.pd

June Monthly Insight

“Some Markets Zig, Others Zag”…….while the current concern about weak bond returns may be troubling, it is important to keep those numbers in perspective. Investors have long divided their assets between stocks and bonds in the belief that those asset classes counterbalance each other.

To read more click here – Monthly Insight – June 2015 – Some Markets Zig Others Zag

May Report from DM

Managing Energy Exposure in a Volatile Environment

As the oil price drop accelerated last fall, we began to think about the other side of the decline and how we might best position our energy exposure for an eventual recovery. To help guide this effort, the DM equity team built a “road map” of criteria that would signal a possible turn in conditions……

Click here to read more – DM-Monthly-Report-May-15

April Monthly Insight

“Striking Buy Signal” …….the U.S. just experienced its fourth inversion in January which suggests that 2015 could be a great year for stocks.

Click here to read more – Monthly Insight – April 2015 – Striking Buy Signal