In today's third and final installment of this week's Canadian equity roundtable, the managers' discussion turned to stocks in the consumer and telecom sectors. Our three panellists: Kim Shannon, president and chief investment officer of Sionna Investment Management Inc.; Martin Hubbes, chief investment officer at AGF Investments Inc.; and Ian Hardacre, vice-president at Invesco Trimark Ltd. They spoke with Morningstar columnist Sonita Horvitch.
Kim Shannon has made a career out of being a contrarian: She abandoned a career in science for the vicissitudes of the market, then walked away from CI Financial Income Fund to form an alliance with Brandes Investment Partners. Shannon now has a bone to pick with the conventional wisdom that says men are better investors than women. Here, she explains why.
Everyone’s a value investor today, now that ‘momentum,’ ‘rotation’ and ‘growth’ are tarnished terms. That’s also a smart strategy, since buying underpriced shares is the only time-tested way of outperforming the market. But what puts the value in value investing?