As of July 16th, 2018, we rebalanced both the Inovestor StockPointer® Canadian Equity Strategy and its derived investment product, the Horizons Inovestor Canadian Equity ETF (INOC). We proceeded with four transactions in the portfolio. You will find below a summary of our executed trades:
– Industrial Alliance (IAG:CN) – SPScore. We purchased IAG:CN to replace SLF:CN in the financials sector.
– TFI International (TFII:CN) – Market Trend. Increase of the industrials sector. We had to add a position in the portfolio.
– Sun Life (SLF:CN) – SPscore. We sold SLF:CN because on a relative basis IAG:CN is a better stock to own in the portfolio.
– Enghouse Systems (ENGH:CN) – Market Trend. Reduction in the info tech sector. We had to remove a position in the portfolio.
The Inovestor Team