growth-money-investment

Over the last two years, the U.S. economy has continually improved.

Listen to the full podcast on AdvisorToGo.

That’s translated to increased consumer and business confidence, says Gary Baker, leader of the fundamental Canadian equity team at Connor, Clark & Lunn Investment Management.

“There’s [also] been a reduction in U.S. government deficits,” he notes, and “the U.S. housing market is showing signs of recovering [from] a very severe distress situation during the financial crisis.”

Read: What’s on horizon for U.S. and Canada?

So, if clients aren’t already, they should be capitalizing on U.S. growth.

Currently, Baker sees potential in the U.S. manufacturing sector, especially in stocks tied to the shale oil and natural gas industries. Companies in this space have gained access “to low-cost, domestically produced energy, which has reduced their [use of] foreign energy supplies.”

Read: How to choose energy stocks

And that’s leading to a manufacturing renaissance, he adds.

Already, seven new chemical plants are being built, says Baker, and these plants will contribute to the ongoing surge in energy production across America.

Read:

U.S. investors favour equity ETFs

Three low-carbon indexes launch

Watch shifts in consumer behaviour

Should investors worry about ballooning U.S. student debt?

Should you invest in these 3 companies?

Originally published on Advisor.ca

Add a comment

You must be logged in to comment.

Register on Advisor.ca