In their latest quarterly newsletter, the Fundamental Growth & Core Equity team take stock of recent market moves and reaffirm their belief that short-term events should not change how they approach active equity investment. However, with an eye always on the long-term fundamentals of companies, they still recognize how COVID-19 related disruption is creating both risks and opportunities:
Our conversation with US Equity Portfolio Manager Chris Sierakowski covers how shifting valuations have provided opportunities to add to high-conviction names as part of an approach to best position the portfolio for the long term.
As COVID-19 began to take a grip of financial markets, the team made numerous contributions to the dialogue, two of which are captured here: (1) Learning from China’s Experience Fighting Coronavirus and (2) Drug Companies’ Search for Treatments.
Patrick Bernard outlines what made Waste Management a strong candidate for stock selection; including a leading market position in a growing business with predictable end markets that also holds potential for further consolidation.
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