Here's what we are doing about it:

• Re-evaluating the longer-term impact of tariffs on individual companies within our portfolios.
• Continuing to maintain a high allocation to defensive sectors, like Healthcare, Consumer Staples and Utilities, which generally stand up better in market situations like this.
• Looking at valuations of some of the quality companies we prefer and believe have long-term value. These are now providing us opportunities to increase our exposure at discounted prices.
• Remaining diversified. Particularly in times of market volatility, it is even more important to not have all your eggs in one basket. We are diversified across both sectors and geography.

Here’s what we think is important for you to focus on:

• Stay the course: Maintaining your current investment strategy is often the most prudent approach. A sound investment strategy is based on factors like the time horizon of your goals and your ability to take some risk. Reacting to market movements can lead to suboptimal investment outcomes as markets have historically recovered positively given time. 
• Diversification: As your investment manager we ensure your portfolio is well-diversified to help mitigate risks associated with market volatility. 
• Opportunities: When markets drop it can provide opportunities to buy into good companies at a discounted price. We are constantly on the lookout for well-priced quality shares and many are effectively on sale at times like these. 
• Consult with us: Our team is here to help through these times and provide advice tailored to your financial goals and risk tolerance.