The Investment Committee of the Portfolio Advisory Group meets regularly to formally discuss markets, sector allocation and investment recommendations. Below is a brief synopsis of our current views. For specific investment strategy relating to your investment portfolio, please contact your ScotiaMcLeod advisor.
Investment Strategy: Cautiously deploying excess cash, but expect market volatility to linger
Equities: Equity market tone has improved as imminent Fed rate hike expectations have faded. However, lingering concerns about global growth and potential Fed action sometime in 2016 should limit the runway room for equities in the near‐term, ultimately keeping markets range bound. While recent volatility has allowed for opportunities to deploy excess cash, we continue to recommend a defensive stance that focuses on sustainable dividends and above‐average cash holdings. As expected, the early‐October rally in commodity prices has fizzled due to ongoing oversupply issues.