The Case for Going Long Canadian Stocks in Any Brexit Outcome - Bloomberg
Whether Britons vote to leave the European Union or agree to stay, Manulife Asset Management fund managerSteve Belisle plans to be a buyer in the Canadian stock market.
The bigger question at the moment is what he will be buying -- energy stocks in an exit or the big banks if the U.K. votes to stay.
Theres more downside if theres a leave at this point than upside in a remain scenario, Belisle said in a phone interview Wednesday from Montreal. His team manages about C$3 billion ($2.4 billion). Manulife Asset Management oversees about $325 billion. We will be a buyer in a leave scenario, looking at stocks we like that overreact. If theres a remain, we will probably buy but to a l