Finding the Few Winners: Munro’s Strategy for Long-Term Growth
This month, we interviewed Nick Griffin, Chief Investment Officer and founding partner of Munro Partners. He and his investment team are based in Australia and focus on U.S. and global equity. Alfred: Nick, thanks for doing this. Can you tell our readers how you got into the investing industry and how long have you been doing […]
Canadian Equity Alpha: Overcoming the Headwinds
This month, we sat down with Kevin McSweeney, Senior Vice-President, Portfolio Manager & Lead for our Canadian Equity Alpha mandate. With over 25 years of financial services experience, including 17 years in asset management with CI, Kevin is an expert in both Canadian and global infrastructure equities. Alfred Lam: Kevin, it’s a pleasure to have you […]
AI’s Second Act and How to Capitalize On It
It is not “if” robots will compete but when Humans have been worried about robots replacing them for over four decades. Until recently, the closest invention resembling a robot—the personal computer—boosted productivity but still relied heavily on human input. However, this may change with the rapid development of artificial intelligence and the recent announcement of […]
The Next Wave in Emerging Markets
This month, we interviewed Matthew Strauss, the portfolio manager of our emerging markets mandate. Mr. Strauss has over 25 years of investment experience and is an expert in global and emerging markets equities. Alfred Lam: U.S. market performance has been exceptional while emerging markets have lagged in the last decade. Can you explain what drove this […]
Trade Tensions Must De-Escalate
Since the pandemic and leading into the inauguration of Donald Trump as the 47th President of the United States, the U.S. economy has been extremely resilient, growing above assumed real trend growth of 2% per annum *85% of the time (*quarterly data, annualized, 16/19 instances). Healthy consumer appetite and robust fiscal spending drove strong growth despite […]
Tariff Troubles Continue
What Happened? The April 2 U.S. tariffs announcement was a “known unknown.” While it was expected that President Trump would reveal his plan, the specifics were uncertain. Investors had already braced for some level of damage, with the S&P 500 Index dropping 8% from its February 19, 2025, high to the market close just before […]
DeepSeek and Trump 2.0: The Future of U.S. Industry
1. How is Trump’s presidency changing the trades and orders of the world? We expect Donald Trump in power to be, on balance, positive for U.S. markets. Trump also has 11 billionaires in his cabinet, whereas Biden’s cabinet had a combined net worth of $100M. So many successful businessmen in government suggests a positive private sector […]
“Trump and DeepSeek” Drama
The world suddenly became more complex as Donald Trump began his new term as President of the United States, coinciding with the launch of DeepSeek, a Chinese firm’s challenger to ChatGPT’s dominance. Trump inherited an economy already in great shape but remains eager to make changes. Alongside implementing tariffs, he had vowed to take control […]
Tip of the AI Iceberg
If you wake up tomorrow morning believing the world is about the same as today, you are probably missing something. We are seeing dramatic changes led by technological advancements, and the latest is artificial intelligence (AI). A year ago, we were all excited about ChatGPT, which answers questions, translates languages and turns text into a […]
The sun is shining again!
The following is a commentary written by our sub-advisors, Munro Partners, who manage a U.S. equity mandate and a global mandate for our program. They are based in Australia and are known as growth investors. We understand it’s difficult to be optimistic when global economies are slowing, geopolitics are continuously challenging, and many are struggling to […]