Oct. 15, 2014
Financial market volatility associated with the withdrawal of liquidity will likely be greater than usual. We believe, however, that this environment still favours equities over bonds. As a firm, we are predisposed to higher equity allocations as their long-term return prospects are more favourable than bonds or cash. While equities have a greater volatility of returns, our philosophy of focusing on quality companies with strong cash flow franchises, along with our long-term investment horizon, alleviates much of the risk concerns.
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