Tactical Growth Strategy - Weekly Briefing

In this, the first of many weekly updates I intend to write, I want to start with a very heartfelt THANK YOU! Most of you have been with me for over a decade and the trust and responsibility you’ve place in me drives my highest value of wanting to do my absolute best for you. I wouldn’t be able to do this without your confidence in my efforts. I also want to thank you for being an early investor in my Tactical Growth portfolio mandate launched just this past summer.

Investing has been a passion and a life long journey for me (quite literally from lunch hours in high school to be precise). Like many of us, I’ve enjoyed some great successes, but also some tough losses, along the way. As an investment advisor, I’ve witnessed the industry go through similar ups and downs, as well as its rapid evolution since the financial crisis of 2008. I first entered the industry in 2005, when it seemed like financial advisors were a dime a dozen, and qualifications to begin selling mutual funds were minimal. Gradually, we saw regulation and technology change all of this, for the better. Fee disclosure, robo-advisors, and the growth of ETFs (exchange traded funds) really started to strengthen the industry and create a standard for advisors that was never there before.

One of the great benefits that really came from this industry overhaul, and one of the major reasons I joined Wood Gundy in 2015, was the ability to manage my clients’ money on a discretionary basis with an industry-leading platform. With the advances of self-directed brokerages, just about anyone can buy a mutual fund or ETF on their own. Heck, you can even buy Bitcoin in a crypto wallet these days then spend them on skins in the metaverse (don’t worry, that is still new and confusing to me too).

The point is, I needed and wanted to do something different. My long-time goal was to proudly offer my clients a fully-transparent investment portfolio that I would manage using my own unique investment style. My concentrated style has served me well and I wanted to pass the exact same along to my valued clients.

The Tactical Growth Fund seeks to achieve an above average total rate of return for my investors. It’s measured against a very tough benchmark consisting of the TSX (50%), S&P 500 (30%), and EAFE (20%) indexes. Essentially, I want to make a very compelling case that you’re next dollar belongs in this strategy and that you should be confident that you are a part of something preeminent when it comes to your investments.

Tactical Growth Highlights:

Momentum and Growth-at-a-Reasonable-Price based strategy.
Intends to be fully invested in equities, but will be allocated to cash, fixed income, currencies, or alternatives should it be deemed appropriate.
Unlike the index, the holdings are concentrated usually to 14-20 holdings.

Weekly, I’ll share my positioning, activity, and some colorful anecdotes. I am truly happy to have you onboard for this strategy as it enters its first full calendar year.

CIBC Private Wealth consists of services provided by CIBC and certain of its subsidiaries: CIBC Private Banking; CIBC Private Investment Counsel, a division of CIBC Asset Management Inc. (“CAM”); CIBC Trust Corporation; and CIBC Wood Gundy, a division of CIBC World Markets Inc. (“WMI”). CIBC Private Banking provides solutions from CIBC Investor Services Inc.(“ISI”), CAM and credit products. CIBC World Markets Inc. and ISI are both Members of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. CIBC Private Wealth services are available to qualified individuals. The CIBC logo and “CIBC Private Wealth” are trademarks of CIBC, used under license.   Scott Sheppard is an Investment Advisor with CIBC Wood Gundy in Corner Brook, NL. He and his clients may own securities mentioned in this column. The views of Scott Sheppard do not necessarily reflect those of CIBC World Markets Inc There are ongoing fees and expenses associated with owning shares of an Exchange-Traded Fund (ETF). An ETF must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in the attached hyperlinks associated with the tickers; The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends or distributions and does not take into account income taxes payable by any securityholder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell shares of the Exchange Traded Fund (ETF) on the TSX, NYSE, NASDAQ or other market on which the securities of the ETF are listed or quoted. If the shares are purchased or sold on TSX, NYSE, NASDAQ or other, investors may pay more than the current net asset value when buying shares of the ETF and may receive less than the current net asset value when selling them.   The index benchmarks referenced are not guaranteed, their values change frequently and past performance may not be repeated.   This report is not an official record. The information contained in this report is to assist you in managing your investment portfolio recordkeeping and cannot be guaranteed as accurate for income tax purposes. In the event of a discrepancy between this report and your client statement or tax slips, the client statement or tax slip should be considered the official record of your account(s). Please consult your tax advisor for further information. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. Some positions may be held at other institutions not covered by the Canadian Investor Protection Fund (CIPF). Refer to your official statements to determine which positions are eligible for CIPF protection or held in segregation. Calculations/projections are based on a number of assumptions; actual results may differ. Yields/rates are as of the date of this report unless otherwise noted. Benchmark totals on performance reports do not include dividend values unless the benchmark is a Total Return Index, denoted with a reference to 'TR' or 'Total Return'. CIBC Wood Gundy is a division of CIBC World Markets Inc., a subsidiary of CIBC.   Clients are advised to seek advice regarding their particular circumstances from their personal tax and legal advisors.   CIBC Private Wealth Management consists of services provided by CIBC and certain of its subsidiaries, including CIBC Wood Gundy, a division of CIBC World Markets Inc. This information, including any opinion, is based on various sources believed to be reliable, but its accuracy cannot be guaranteed and is subject to change. CIBC and CIBC World Markets Inc., their affiliates, directors, officers and employees may buy, sell, or hold a position in securities of a company mentioned herein, its affiliates or subsidiaries, and may also perform financial advisory services, investment banking or other services for, or have lending or other credit relationships with the same. CIBC World Markets Inc. and its representatives will receive sales commissions and/or a spread between bid and ask prices if you purchase, sell or hold the securities referred to above. © CIBC World Markets Inc. 2022.   If you are currently a CIBC Wood Gundy client, please contact your Investment Advisor.

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Scott Sheppard

January 03, 2022

Tactical Growth Strategy - Weekly Briefing

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