Why this money manager is buying Constellation Software and sold Intercontinental Hotels Group
Kevin Burkett, a money manager at Burkett Asset Management, focuses on high-quality businesses with durable revenue streams. He has recently invested in Constellation Software, believing it is undervalued despite concerns about AI's impact. Burkett's portfolio strategy includes a mix of stocks and bonds, achieving notable returns over the past year.
- ▪Kevin Burkett oversees more than $500-million in assets at Burkett Asset Management.
- ▪He has recently started buying Constellation Software, which has dropped significantly in value.
- ▪Burkett's portfolio includes an approximately 60-40 split of stocks and bonds, with a 13.9 percent increase over the past year.
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Open this photo in gallery:Kevin Burkett, partner and portfolio manager at Victoria-based Burkett Asset Management Ltd.The Globe and MailShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountMoney manager Kevin Burkett tries to avoid stocks in sectors that rely on short-term predictions. Instead, the partner and portfolio manager at Victoria-based Burkett Asset Management Ltd. prefers to focus on businesses with understandable economics and recurring demand, such as consumer discretionary, industrials and some technology.“We tend to favour high-quality businesses that have durability in their revenue streams,” says Mr.
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