News / Canada / globe_inside_market
RBC Capital Markets Updates Canadian Fundamental Equity Weighting Portfolio with 14 Changes
Finance · Investment Banks/Brokers · globe_inside_market · 2026-09-01
RBC Capital Markets has adjusted its Canadian Fundamental Equity Weighting model portfolio, adding four stocks and trimming several others to align with analyst outlooks.
What Happened
Portfolio Rebalancing: The RBC Capital Markets research team has executed 14 strategic adjustments to its Canadian Fundamental Equity Weighting (FEW) model portfolio. This quarterly update includes the addition of four new holdings, specifically Canadian Natural Resources, Nutrien, Ovintiv, and Whitecap Resources, while removing Alamos and Cascades.
Weighting Adjustments: Beyond new additions and deletions, the committee implemented tactical shifts in exposure by increasing weightings for Barrick and Franco-Nevada. Conversely, the portfolio reduced its exposure to six major entities, including BCE, Enbridge, Pembina, RB Global, Suncor, and Wheaton Precious Metals, to better reflect current sector-specific outlooks.
Market Strategy and Outlook: Wells Fargo strategist Ohsung Kwon has adopted a more cautious stance, citing concerns over peak capital expenditure and potential risks associated with data center moratoriums. While acknowledging the ongoing AI demand cycle, he suggests that economic constraints may limit future growth, favoring high-quality, lower-beta stocks over speculative bets.
Global Investment Trends: RB Advisors’ latest research highlights the rapid growth of margin debt as a potential indicator of speculative market behavior. Furthermore, the report identifies a compelling growth narrative for non-U.S. equities, noting that hundreds of international companies now project long-term earnings growth rates exceeding 25 percent.