Bombarded by question from clients on marijuana stocks. He prefers to stay on the sidelines for now until there is more clarity. If you are a responsible portfolio manager, you need more clarity. Little too early.
He likes the company and what they do. The concept is good and Management team quite capable. He believes the infrastructure side is going to do well.
An area that he watched for a long time and finally decided to invest in. Growth in these countries is going to be higher than in Canada. 34% China, 14% India. Not a significant part of the portfolio. 5-6% of the portfolio.
One way to get international exposure. Mostly US. Diversification outside of Canada. 25 to 30% of his portfolios’ exposure is at the moment outside of Canada.
Likes it more than Manulife Financial Corporation (MFC-N) as it is less exposed to Asia. Yield is OK. Caught on a range now. Good on the long term, a little boring in the present time. Has taken profits recently. Low risk stock.