Strength in commodities is supporting optimism for the Canadian dollar
Equities as an asset class are not that expensive
But a growing number believe Canadian stocks are overvalued
Cash and near-cash holdings total $1 trillion, economists say
Clients will still need patience to cope with the volatility of these stocks
Look for asset classes that can benefit from continued strong growth in Asia
Those surveyed for this year’s Report Cards report that much client money is parked in bank accounts and other safe products (includes chart)
One option is global bonds, which have low correlation to Canadian bonds
Mutual fund managers say shorting gives them added flexibility, but, as one manager says, “You need the temperament for it”
Equity allocations have risen sharply month-over-month