Thank you to everyone who attended our market outlook event at Diamondback Golf Club last week. Brad Willock, a top U.S. Portfolio Manager with RBC Global Asset Management, discussed key trends and opportunities in today’s capital markets. Brad has 20+ years of experience in the financial services industry and has been with RBC Global Asset Management since 2002. Brad represented Canada at the 1992 Barcelona Summer Olympics in volleyball. A brief summary of Brad’s thoughts and ideas from his presentation are below. For a full summary click here to request a copy of the full summary

The U.S. Bull Market Has Been A ‘Long Time Running’

Investment Philosophy

Brad is responsible for RBC Global Asset Management’s core and income-oriented U.S. equity strategies. The presentation opened discussing Brad’s investment philosophy and how he evaluates companies. When a company has excess capital to allocate, Brad breaks down there choices into five categories. The company can; reinvest in the business, pay a dividend, buy back stock, reduce debt or acquire another company. Brad’s preference is to see management favour the first three options. Historically the choices to reduce their debt and acquire another company tend to be inferior in comparison to the other alternatives. Focusing on companies who emphasize long-term dividend growth and reinvestment of capital is Brad’s recommended philosophy.

 

Feel to reach out if you have any questions about Brad’s presentation or your investment portfolio. You can call me at 905-895-4102 or email me at connor.ryan@rbc.com. To schedule an online meeting from the comfort of your home, click here.    

 

Connor Ryan, MBA