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RBC’s $100 Billion Woman Buys More Stocks, Just Not in the U.S.
NEW YORK (Capital Markets in Africa) – The manager of some of the largest investment funds in Canada is favoring European and Asian stocks over North American. Sarah Riopelle, senior portfolio manager at RBC Global Asset Management Inc., boosted her equity allocation by 2 percentage points to 59% over the past month as she shifts her focus to markets outside of the U.S. and Canada. “Valuations are very cheap, reasonable within Europe and fundamentals seem…
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