Smart use of capital is an important company attribute that value manager Kim Shannon looks for in building her stock portfolios. "We actually think that the topic of capital allocation is right on the money," says Shannon, president and chief investment officer of Toronto-based Sionna Investment Managers Inc.
If you’ve bought any stocks this year, you’ve probably noticed that it’s a bit of an odd time to be an investor. For most of 2014, Canada’s market did well—between January and September our main market index, the S&P/TSX Composite, was up by nearly 15%. But it’s been another story since then.
Although developed economies have lost their lustre in recent years, pension investors can still find some gems in undervalued and evolving sectors.
Sideways markets deliver below-average returns, and we probably have a few more years to go, said Kim Shannon, president and chief investment officer of Sionna Investment Managers, at the firm’s 2014 financial market review.
The book is an informative guide for those striving to gain a deeper understanding of and improve their skills in value investing. Its themes include adapting to changing market conditions, defining and calculating intrinsic value, and constructing and rebalancing portfolios.
Kim Shannon, founder of Sionna Investment Managers continues to build on her impressive list of achievements in the world of money management. Aside from leading an 11-year-old firm that has about $4-billion of institutional and private client assets under management, Shannon has now authored her first book.