Peter Jackson / October 7th, 2020

North American Strategy Third Quarter Review

Peter Jackson

As we discussed at our recent client quarterly presentation, we have taken somewhat of a barbell strategy with our large sector exposures split between what we consider offence and defense companies or growth versus value. In the current environment, it is important to position the portfolio to benefit from the economic recovery while not fully depending on it, so our current split between offence or growth stocks, which are typically more dependent on trends independent of an improving economy is about 38% versus defense or value stocks, which are more dependent on an economic recovery is about 49%.