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Tuesday, July 12, 2022 | 11am-11:30am ET
Tuesday, July 12, 2022
Why Quality is the Best Answer to Inflation and Weak Global Growth
BMO Concentrated Global Equity Fund & BMO Concentrated Global Balanced Fund Q2 Updates & Performance.
High margins, market leadership, sustainable competitive advantage bring pricing power, which will be critical if inflation takes hold.
Secular growth trends behind every company reduce sensitivity to the economic cycle – crucial if the cycle turns negative.
Quality (absence of debt, cash generation, very high ROIC) provides downside protection too.
Valuations: by avoiding the valuations of high growth companies, the strategy has avoided the worst of the market pullback so far.
Michael Hughes will recap on this unique strategy and look at how different investment styles have performed in inflationary times and economic downturns.
Michael joined GuardCap in 2014 in the role of Senior Vice President and Client Portfolio Manager. Prior to this he spent 4 years at Trinity Street Asset Management, a global investment boutique where he helped grow AUM from $300 million to $1.8 billion. Michael’s tenure includes Managing Director at JPMorgan Asset Management where he was responsible for the product management of $72 billion of European Equity Fund assets. Prior to this, he was portfolio manager and product manager for the Emerging Market Group of JPMorgan. He holds a joint honours degree in modern languages from the University of Bristol.
Since joining BMO in 2006, Stewart has leveraged his 28 years of sales experience to help Advisors grow and manage their practices, while utilizing BMO’s leading solutions within their portfolios. He began his career in sales with an IBM dealership, followed by Kodak, organizations highly regarded for their outstanding sales and product training. Stewart progressed within these organizations and others over 12 years, from geographic sales regions, to major and then national accounts. He then leveraged his passion for investing and background in sales to become an Investment Advisor, where he successfully built his practice over an eight-year period. Stewart attended McMaster University with a focus on commerce and computer science.
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