Q: Hello. Curious on your thoughts on the materials sector in general - time to overweight in a long term growth portfolio? Also wondering what you think of Silver - and First Majestic to get exposure to the space. Thanks!
5i Research Answer:
We think precious metals still have room to run, especially if we see lower interest rates and a continuation of 'avoiding the US dollar and US assets'. We think PAAS and AG are solid choices in silver. AEM, FNV, WPM, ARIS for gold. In terms of other materials, much will depend on the global economy. We think NTR and CCO are fine. Copper is more questionable, but we think TECK.B, LUN and CS are worth owning.