Finding dividends in changing markets – Ramona Persaud

In today’s episode, Portfolio Manager Ramona Persaud sits down with host Pamela Ritchie to discuss strategies for finding dividends in today’s evolving markets. Ramona kicks off the conversation by addressing the growing valuation dispersion across various sectors and geographies. She explains how smaller caps, international markets, and higher-risk financial sectors offer opportunities to capitalize on valuation differences, particularly in areas where market fears and volatility are high. The discussion then shifts to how Ramona navigates market volatility. She shares her approach of deploying cash when opportunities arise, using recent examples like the Japanese yen carry trade volatility. She leverages these spikes to buy quality companies at more attractive valuations to provide more stability in uncertain times. Ramona also touches on the dispersion in China, where market fear has created selective opportunities. While these valuations are rising, she also continues to find value in Chinese-exposed companies or those benefiting from Chinese demand. To close off, Ramona emphasizes the importance of keeping cash on hand to capitalize on the expected U.S. election-driven volatility. While she remains cautious to not hold excessive amounts, she does remains ready to invest when the time is right.

 

Recorded on September 24^th , 2024.

 

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