Q: I currently have a 3.4% weighting in Nutrien. It has performed well in the last year after being stagnant for some time. NTR is considered a "cyclical", so does this mean that investors should be more active in buying/trimming stocks like these?
5i Research Answer:
Generally, yes. For cyclical stocks we think they should be watched more carefully, especially as a position size grows with any stock price increase. We would typically cap exposure at 5%.