ADVISOR.CA: Tackling Tough Markets
Yet the energy sector’s poor performance in 2017 has been a positive for Felix Narhi—much to his surprise. As a portfolio manager at PenderFund Capital Management in Vancouver, he mainly focuses on looking for long-term opportunities and undervalued gems. He typically avoids the oil and resources space due to its volatile and cyclical nature, but found opportunities over the last year. “It’s a cheap sector right now,” says Narhi.