As market conditions continue to challenge
investors, Royal Bank of Canada (RBC) wealth management specialists
are advising clients to take advantage of near-term opportunities,
or adopt a long-term plan.
Speaking at RBC organised round table,
Cautious opportunism – an investment for volatile times,
RBC portfolio strategy head George King suggested buying emerging
market currencies, high dividend stocks, intermediate corporate
credit, yield enhancement strategies, fund of hedge funds,
resilient equities and emerging market debt.
Go deeper with GlobalData
King said emerging market currencies remained
high risk, and high dividend stocks were a lower risk
comparatively.
RBC advisory desk head, Guy Huntrods said:
“Some clients are using structured solutions to implement tactical
strategies through structured products as principal protected
notes.”
Confidence yet to return
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By GlobalData“There is still lack of conviction as to
market direction, and there is an increasing frustration with cash
holdings,” Huntrods said.
He added, “Some segments are showing interest
in longer duration corporate bonds and lower investment grade paper
comforted by low default rates.”
However, RBC’s current tactical themes
suggested holding protected equity participation, selective high
yield, return of the dollars and euro weakness, said King.
Meanwhile, Huntrods said that although
confidence is yet to bounce back, good resilient equities are still
favoured by the bank, with the view that capital gains may be
flat.
