Why this $5.6-billion money manager is looking beyond tariffs for growth later this year [Globe and Mail, The (Toronto, Canada)]
Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE)
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Source: Globe and Mail, The
Mike Archibald, vice-president and portfolio manager at AGF Investments in Toronto. The Globe and Mail Log in or create a free account to listen to this article. While the U.S.-led global tariff war has sent stock prices tumbling, global money manager Mike Archibald expects a “reset” in the second half of the year that could revive economic growth – and markets. “Certainly, in the short term, we’re seeing a growth scare and slowdown,” says Mr. Archibald, vice-president and portfolio manager at AGF Investments Inc. in Toronto. “While recession risks are rising with tariff announcements this week, our base case is that the U.S. will not experience recession in 2025.” Mr. Archibald, who co-manages the $5.6-billion AGF Global Select Fund alongside Auritro Kundu and Regina Chi, expects tariff negotiations to continue in the weeks ahead, leading to more near-term economic uncertainty. But he says more clarity and a stronger growth outlook is likely for the rest of the year in the U.S.
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