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me and my money

Étienne Joncas-Bouchard is majoring in finance and economics at Bishop’s University in Lennoxville, Que. He also serves as the chief strategist for a student-run investment fund.

Étienne Joncas-Bouchard

Occupation

University student

The portfolio

Includes shares in CGI Group Inc., Agrium Inc. and Magna International Inc.; plus exchange-traded funds Vanguard FTSE Europe and Vanguard Financials.

The investor

Étienne Joncas-Bouchard is majoring in finance and economics at Bishop's University in Lennoxville, Que. He also serves as the chief strategist for a student-run investment fund with more than $500,000 under administration at the university.

How he invests

Mr. Joncas-Bouchard seeks to apply his knowledge of economics to investing. In short, he monitors a variety of economic and financial indicators to find global economies and sectors that "are gaining momentum," then invests in fundamentally strong companies or ETFs that are in line to benefit from the favourable economic trends.

CGI Group Inc. is in his personal portfolio because the Canadian information technology sector is expected to do well in the current environment of low growth – it gives corporations incentives to improve efficiency through the purchase of enterprise software and IT services. Canadian IT companies also make products for U.S. markets, where their competitive position has been enhanced by the tumble in the Canadian dollar.

Auto-parts maker Magna International Inc. exports to U.S. automobile manufacturers, which are enjoying a revival in demand. The lower loonie should also help sales.

His Vanguard FTSE Europe ETF holding reflects a favourable view on European stocks. The lower euro promotes exports while the European Central Bank's "quantitative easing" policies are stimulating the European economy.

The investment in the Vanguard Financials ETF is based on the belief the U.S. economy will continue to gain traction. As a result, banks' bottom lines will be boosted by higher loan volumes, wider interest-rate margins and increased trading activity in financial markets.

Best move

"Making a buy recommendation on Constellation Software last October [to the student-run investment fund] despite looking like it was fairly valued. I was optimistic on the company's growth strategies as well as management's ability to execute them."

Worst move

"My worst move was being overly optimistic on the price of silver [back in February]."

Advice

"Information is king. Be open to the advice and opinion of knowledgeable investors."

Want to be in Me and My Money? Contact Larry MacDonald at mccolumn@yahoo.com or his Website.

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