Staying Disciplined in a Momentum-Driven Market

In this episode, Shah Khan, Portfolio Manager and Co-Lead of the Mackenzie Bluewater Team, discusses the implications of market concentration in US mega-cap tech and Canada's resource-heavy sectors. He outlines how his team's disciplined, quality-focused strategy that emphasizes durable growth businesses, positions them to navigate economic slowdowns effectively. Shah also shares insights into the team's buy/sell framework, the evolving role of AI in portfolio construction, and why he maintains a cautious stance on the Canadian consumer amid elevated debt levels and persistent interest pressures.  This episode was recorded on June 12, 2025.