Alfred Lee
CFA, CMT, DMS, Director, BMO ETFs, Portfolio Manager & Investment Strategist BMO Asset Management Inc.
Portfolio Manager & Investment Strategist BMO Asset Managment Inc.
Alfred is a portfolio manager and investment strategist at BMO ETFs, where he currently heads up the index equity team. His team currently manages some of the largest ETFs in Canada. In addition to his portfolio manager duties, Alfred also serves as the investment strategist for the team, putting together trade ideas and model portfolios for institutional and retail clients. Prior to moving to equities, Alfred was a lead portfolio manager on the entire fixed income BMO ETF line up and also spent a year seconded to the Bank of Canada, managing their Provincial Bond Purchase Program (PBPP), one of the central bank’s emergency asset purchase programs in 2020. Prior to joining BMO, Alfred worked at two other Canadian banks as a research analyst, focusing on macro-economics and ETFs and also worked in an institutional consultant practice of a major bank.
Current Trade Ideas
Current Podcasts
Are rate hikes here to stay? In today’s episode, portfolio managers Alfred Lee, Chris McHaney, and your host, McKenzie Box, anticipate the Federal Reserve’s next move. They also discuss ways to stay invested, Nasdaq versus the S&P 500, Biden’s plan to tax windfall profits, and covered call strategies.
As hikes slowly work their way into the financial system, higher rates continue to be a primary market concern. How can investors combat these persistent challenges? In this episode, Erika Toth and Alfred Lee discuss the latest quarterly Portfolio Strategy and Fixed Income Strategy Reports, which explore the fight against inflation, the Bank of England bailout, the future of the 60/40 portfolio model, and sector opportunities.
Canada’s consumer price index eased slightly to 6.9% in September. Will inflation continue to tick down? In today’s episode, portfolio managers Alfred Lee, Chris McHaney, and your host, Mckenzie Box, explore the sticky components. They also discuss U.S. banks and higher loan loss provisions, the Bank of England bailout, dividends, and emerging markets.
As the central banks prioritize taming inflation, markets react to the near-term volatility and the threat of recession. But at what point will the rate hikes slow down or pause altogether? And where do the attractive opportunities lie in the interim? In this episode, Erin Allen and Alfred Lee discuss the latest moves from the U.S. Federal Reserve, policy shifts globally, and what this means for the economy.
After a volatile start to the year, headline risk stemming from the Russian invasion of Ukraine and COVID-19 takes a backseat to sticky inflation. As a result, investors are faced with a potential economic slowdown unlike any seen before. How should they prepare? In this episode, Alfred Lee and Erika Toth discuss the latest quarterly Portfolio Strategy and Fixed Income Strategy Reports, including current views on inflation’s trajectory, portfolio construction across various asset classes, real yields, structural supply issues, and strategies for protecting against falling equities.
Given ongoing uncertainties around interest rates, inflation, and the Russia-Ukraine conflict, what approach should Advisors and investors be taking when it comes to portfolio construction? In this episode, Alfred Lee and Erika Toth discuss the latest quarterly Portfolio Strategy and Fixed Income Strategy Reports, including asset allocation considerations, the outlook for the Energy, Banks, and Real Estate Investment Trusts sectors, and fixed income positioning.
The new BMO Canadian Bank Income Index ETF (Ticker: ZBI) is an innovation in fixed income, but how does it fit into a portfolio? In this episode, Alfred Lee and Rob Butler dive deep into the benefits of fixed income ETFs, the process behind creating ZBI and the objectives in crafting its investment exposure, the three components that make up ZBI, and expectations for the future.
Performance and Strategy Updates
All prices, returns and portfolio weights are as of market close on September 30, 2022, unless otherwise indicated.
Fixed Income ETFs
This report highlights our fixed income positioning strategies for the fourth quarter beginning October 1, 2022 (calendar year).
This report highlights our fixed income positioning strategies for the third quarter beginning July 1, 2022 (calendar year)