Generated by All in One SEO v4.9.4.1, this is an llms.txt file, used by LLMs to index the site. # Murray Wealth Group We are focused on building your wealth through World Class Investing Together ## Sitemaps - [XML Sitemap](https://oldmurray.calientecomunicacao.com.br/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [Learn](https://oldmurray.calientecomunicacao.com.br/learn/) - Read about what’s new at MWG - [APRIL 2026 PORTFOLIO UPDATE: Seasonal Investing Trends & Market Outlook](https://oldmurray.calientecomunicacao.com.br/april-2026-portfolio-update-seasonal-investing-trends-market-outlook/) - [The Fundamentals Behind Today’s Market Rally](https://oldmurray.calientecomunicacao.com.br/the-fundamentals-behind-todays-market-rally/) - [TRENDING TOPICS: The Forces Shaping Markets This Week](https://oldmurray.calientecomunicacao.com.br/trending-topics-the-forces-shaping-markets-this-week/) - [Air Canada: Grounded or Ready for Takeoff?](https://oldmurray.calientecomunicacao.com.br/air-canada-grounded-or-ready-for-takeoff/) - [March 2026 Portfolio Update](https://oldmurray.calientecomunicacao.com.br/march-2026-portfolio-update/) - [2026 Market Outlook: Volatility, AI Investment and Geopolitical Risk](https://oldmurray.calientecomunicacao.com.br/2026-market-outlook-volatility-ai-investment-and-geopolitical-risk/) - [Company Spotlight: Mastercard](https://oldmurray.calientecomunicacao.com.br/company-spotlight-mastercard/) - [Q4 2025 RBC POOLED FUND SURVEY: Consistent Top-Tier Performance](https://oldmurray.calientecomunicacao.com.br/q4-2025-rbc-pooled-fund-survey-consistent-top-tier-performance/) - [Industry Insights: Identifying Value in REITs Through Supply and Demand Dynamics](https://oldmurray.calientecomunicacao.com.br/identifying-value-in-reits-through-supply-and-demand-dynamics/) - [A More Strategic View of Tax Season](https://oldmurray.calientecomunicacao.com.br/a-more-strategic-view-of-tax-season/) - [February 2026 Portfolio Review](https://oldmurray.calientecomunicacao.com.br/february-2026-portfolio-review/) - [The AI Selloff May Be Missing the Bigger Opportunity](https://oldmurray.calientecomunicacao.com.br/the-ai-selloff-may-be-missing-the-bigger-opportunity/) - [The Deflationary Horizon: Why Artificial Intelligence Could Bring Interest Rates Back Down](https://oldmurray.calientecomunicacao.com.br/the-deflationary-horizon-why-artificial-intelligence-could-bring-interest-rates-back-down/) - By: Mike Hakes, CFA, MBA Over the past few years, many economists and central banks have come to believe that interest rates will remain higher for longer. The thinking is straightforward. Global trade is becoming less efficient. Governments are spending heavily. Supply chains are being rebuilt closer to home. All of these forces tend to - [Alamos Gold and the Case for Growing Production and Cash Flow](https://oldmurray.calientecomunicacao.com.br/alamos-gold-and-the-case-for-growing-production-and-cash-flow/) - [January 2026 Portfolio Review](https://oldmurray.calientecomunicacao.com.br/january-2026-portfolio-review/) - [MWG Pooled Funds Perform Strongly in the 2025 Q3 RBC Survey](https://oldmurray.calientecomunicacao.com.br/mwgs-10-year-performance-scores-strongly-in-the-2025-q3-rbc-survey/) - [December 2025 Portfolio Review](https://oldmurray.calientecomunicacao.com.br/december-2025-portfolio-review/) - [November 2025 Portfolio Review](https://oldmurray.calientecomunicacao.com.br/november-2025-portfolio-review/) - MWG Global Equity Growth Fund Performance The MWG Global Equity Growth Fund Series O rose 0.5% in November, slightly behind the 0.8% rise in its benchmark and is now up 28.2% year to date. The Fund’s top three performers in the month were Eli Lilly (+24%), Alphabet (+13%) and Aritzia (+13%), while 3i Group (-28%), Hammond Power (-19%) and Docebo (-16%) were the largest detractors. Portfolio Managers’ Summary We made no changes to the Fund in November as equity markets consolidated following a strong six months. - [Doman Building Materials: A Shelter from the Storm](https://oldmurray.calientecomunicacao.com.br/doman-building-materials-a-shelter-from-the-storm/) - [September 2025 Portfolio Review](https://oldmurray.calientecomunicacao.com.br/september-2025-portfolio-review/) - [October 2025 Portfolio Review](https://oldmurray.calientecomunicacao.com.br/october-2025-portfolio-review/) - [Playing the Supply Chain Recovery Through Linamar](https://oldmurray.calientecomunicacao.com.br/playing-the-supply-chain-recovery-through-linamar/) - [Aritzia: Rise of the Flagship](https://oldmurray.calientecomunicacao.com.br/aritzia-rise-of-the-flagship/) - By: Jamie Murray, CFA In an era defined by digital commerce, Aritzia is proving that the in-store experience is more critical than ever. The brand is making a significant investment in experiential retail with the launch of massive, beautifully designed flagship stores that act as powerful brand billboards. This deep dive into Aritzia’s expansion sets - [The Bedrock of Earnings: Why Profits Justify Prices](https://oldmurray.calientecomunicacao.com.br/the-bedrock-of-earnings-why-profits-justify-prices/) - [Canadian Banks: What is the Upside](https://oldmurray.calientecomunicacao.com.br/canadian-banks-what-is-the-upside/) - [On Wednesday, October 1st, MWG’s CEO & CIO, Bruce Murray, CFA, was live in-studio on BNN Bloomberg](https://oldmurray.calientecomunicacao.com.br/on-wednesday-october-1st-mwgs-ceo-cio-bruce-murray-cfa-was-live-in-studio-on-bnn-bloomberg/) - [Into the autumn, here we go. A slowing economy will get lower rates](https://oldmurray.calientecomunicacao.com.br/into-the-autumn-here-we-go-a-slowing-economy-will-get-lower-rates/) - [August 2025 Portfolio Review](https://oldmurray.calientecomunicacao.com.br/august-2025-portfolio-review/) - The MWG Global Equity Growth Fund Series O rose 3.6% in August, beating the 2.7% rise in its benchmark, and is now up 15.0% year to date. The Fund’s top three performers in the month were Hudbay Minerals (+29%), UnitedHealth (+23%) and Linamar (+12%), while Moderna (-19%), Microsoft (-6%) and Meta (-5%) were the largest - [Riding the Wayve: The impact of autonomous vehicles on Uber, Nvidia and Microsoft](https://oldmurray.calientecomunicacao.com.br/riding-the-wayve-the-impact-of-autonomous-vehicles-on-uber-nvidia-and-microsoft/) - By: Michael Hakes CFA, MBA As Waymo (An Alphabet/Google company), Tesla and Uber jockey for leadership in the high growth autonomous vehicle (AV) market, we continue to track the technological shifts shaping its rapid evolution. AV technology will affect several holdings in our Global Equity Growth Fund, but most exposed are our shares in Uber - [Amazon: A Compelling Opportunity at an Unjustified Discount](https://oldmurray.calientecomunicacao.com.br/amazon-a-compelling-opportunity-at-an-unjustified-discount/) - By: Jamie Murray, CFA In August, we increased our target weight for Amazon (AMZN) in our Global Equity Growth Fund to 6%, making it the largest single position in the portfolio. This decision is rooted in a significant dislocation in the market. Despite impressive top-line growth, Amazon’s stock has lagged its mega-cap peers. Since 2020, - [What’s NU? Why we bought Nu Holdings](https://oldmurray.calientecomunicacao.com.br/whats-nu-why-we-bought-nu-holdings/) - By: Ty Sullivan, MWG Summer Analyst Nu Holdings is our most recent purchase in our Global Equity Growth Fund. Nu Holdings (“Nubank”) has built its success on a simple but powerful concept: offer a no-fee, low-cost, credit card with an easy-to-use digital platform. Since its founding in 2013, this model has allowed the company to - [MWG’s 10 year performance scores strongly in RBC Survey](https://oldmurray.calientecomunicacao.com.br/mwgs-10-year-performance-scores-strongly-in-rbc-survey/) - We are thrilled to announce that the Murray Wealth Group funds have performed exceptionally well in the Q2 2025 RBC Pooled Fund Survey. The MWG Global Equity Growth Fund score in the top decile across all performance horizons including 1st percentile for 3 & 5 years. Our inaugural 10 year performance achieved a 3rd percentile - [Our thesis on Power Corporation](https://oldmurray.calientecomunicacao.com.br/our-thesis-on-power-corporation/) - Our investment thesis for Power Corporation is built on its position as a high-quality financial holding company that offers a compelling combination of value, income, and growth. The company trades at a persistent discount to the value of its underlying assets, provides an attractive and growing dividend, and is poised for continued appreciation. Power Corporation - [Eli Lilly (LLY) — Investor Visit Recap: What Matters Now](https://oldmurray.calientecomunicacao.com.br/eli-lilly-lly-investor-visit-recap-what-matters-now/) - We had the opportunity to attend a Morgan Stanley–hosted meeting with Lilly management. We came away more confident that the company can both lead and broaden the global obesity market. Management’s message centered on three pillars: a very large addressable market, a portfolio designed to segment that market (injectables and a true oral), and the - [The Long-Term View on Chemtrade Logistics Income Fund](https://oldmurray.calientecomunicacao.com.br/the-long-term-view-on-chemtrade-logistics-income-fund/) - [Why we bought Hammond Power Solutions](https://oldmurray.calientecomunicacao.com.br/why-we-bought-hammond-power-solutions/) - [Google's Antitrust Battle: August Decision expected](https://oldmurray.calientecomunicacao.com.br/googles-antitrust-battle-august-decision-expected/) - [The Street - Shows - BNN Bloomberg](https://oldmurray.calientecomunicacao.com.br/the-street-shows-bnn-bloomberg/) - [President of Murray Wealth Group, Jamie Murray, CFA, was live in-studio on BNN Bloomberg Market Call.](https://oldmurray.calientecomunicacao.com.br/president-of-murray-wealth-group-jamie-murray-cfa-was-live-in-studio-on-bnn-bloomberg-market-call/) - [Why we bought PHX Energy Services](https://oldmurray.calientecomunicacao.com.br/why-we-bought-phx-energy-services/) - [Canada’s Gas Superstar: Why we bought Tourmaline Oil Corp.](https://oldmurray.calientecomunicacao.com.br/canadas-gas-superstar-why-we-bought-tourmaline-oil-corp/) - [On our Radar: The Genius Act, Stablecoins, and Their Impact on Payment Networks](https://oldmurray.calientecomunicacao.com.br/on-our-radar-the-genius-act-stablecoins-and-their-impact-on-payment-networks/) - [Three Earnings Reports to Watch](https://oldmurray.calientecomunicacao.com.br/three-earnings-reports-to-watch/) - [Canada’s Hidden Growth Engines: Energy, Gold, and Resilient Consumers](https://oldmurray.calientecomunicacao.com.br/canadas-hidden-growth-engines-energy-gold-and-resilient-consumers/) - [MWG Focus Stock: Kingfisher PLC: An update with Kingfisher](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-kingfisher-plc-an-update-with-kingfisher/) - [Thoughts on the Market: June Edition](https://oldmurray.calientecomunicacao.com.br/thoughts-on-the-market-june-edition/) - [Celebrating a Decade of Independent Growth, Trust & Performance](https://oldmurray.calientecomunicacao.com.br/celebrating-a-decade-of-independent-growth-trust-performance/) - [In case you missed it, Jamie Murray, President of Murray Wealth Group, joined Paul Bagnell on BNN's "The Street" on Friday](https://oldmurray.calientecomunicacao.com.br/in-case-you-missed-it-jamie-murray-president-of-murray-wealth-group-joined-paul-bagnell-on-bnns-the-street-on-friday/) - [Thoughts on the Market: May Edition](https://oldmurray.calientecomunicacao.com.br/thoughts-on-the-market-may-edition/) - [Thoughts on the Market: January Edition](https://oldmurray.calientecomunicacao.com.br/thoughts-on-the-market-january-edition/) - [Thoughts on the Market: February Edition](https://oldmurray.calientecomunicacao.com.br/thoughts-on-the-market-february-edition/) - [Thoughts on the Market: April Edition](https://oldmurray.calientecomunicacao.com.br/thoughts-on-the-market-april-edition/) - [Investor Update: U.S. Tariffs and Global Trade Tensions](https://oldmurray.calientecomunicacao.com.br/investor-update-u-s-tariffs-and-global-trade-tensions/) - [MWG’s CEO & CIO, Bruce Murray, CFA, was live in-studio on BNN Bloomberg Market Call](https://oldmurray.calientecomunicacao.com.br/mwgs-ceo-cio-bruce-murray-cfa-was-live-in-studio-on-bnn-bloomberg-market-call/) - [Note From Bruce: Donald Trump’s Tariff War - Should I sell or should I buy?](https://oldmurray.calientecomunicacao.com.br/note-from-bruce-donald-trumps-tariff-war-should-i-sell-or-should-i-buy/) - [Thoughts on the Market: March Edition](https://oldmurray.calientecomunicacao.com.br/thoughts-on-the-market-march-edition/) - [MWG Focus: The Consumer Electronic Show](https://oldmurray.calientecomunicacao.com.br/mwg-focus-the-consumer-electronic-show/) - [December Portfolio Update | 2024](https://oldmurray.calientecomunicacao.com.br/december-portfolio-update-2024/) - [November Portfolio Update | 2024](https://oldmurray.calientecomunicacao.com.br/november-portfolio-update-2024/) - [MWG Focus Stock: Northwest Healthcare REIT](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-northwest-healthcare-reit/) - [MWG on BNN Bloomberg](https://oldmurray.calientecomunicacao.com.br/mwg-on-bnn-bloomberg/) - [October Portfolio Update | 2024](https://oldmurray.calientecomunicacao.com.br/october-portfolio-update-2024/) - [September Portfolio Update | 2024](https://oldmurray.calientecomunicacao.com.br/september-portfolio-update-2024/) - [MWG Focus: Interview on Stockpick.com!](https://oldmurray.calientecomunicacao.com.br/mwg-focus-interview-on-stockpick-com/) - [MWG Focus: September Volatility](https://oldmurray.calientecomunicacao.com.br/mwg-focus-september-volatility/) - [August Portfolio Update | 2024](https://oldmurray.calientecomunicacao.com.br/august-portfolio-update-2024/) - [MWG Focus Stock: Uber](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-uber/) - [July Portfolio Update | 2024](https://oldmurray.calientecomunicacao.com.br/july-portfolio-update-2024/) - [MWG Focus: Market Timing](https://oldmurray.calientecomunicacao.com.br/mwg-focus-market-timing/) - [June Portfolio Update | 2024](https://oldmurray.calientecomunicacao.com.br/june-portfolio-update-2024/) - [MWG Focus Stock: Qualcomm](https://oldmurray.calientecomunicacao.com.br/mwg-focus-qualcomm/) - [May Portfolio Update | 2024](https://oldmurray.calientecomunicacao.com.br/may-portfolio-update-2024/) - [MWG Focus Stock | Aritzia](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-aritzia-2/) - [A Stellar Performance for MWG in Q1 2024](https://oldmurray.calientecomunicacao.com.br/a-stellar-performance-for-mwg-in-q1-2024/) - [April Portfolio Update | 2024](https://oldmurray.calientecomunicacao.com.br/april-portfolio-update-2024/) - [MWG Focus Stock: Kingfisher](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-kingfisher/) - [March Portfolio Update | 2024](https://oldmurray.calientecomunicacao.com.br/march-portfolio-update-2024/) - [MWG Focus: Technology Investing](https://oldmurray.calientecomunicacao.com.br/mwg-focus-technology-investing/) - [February Portfolio Update | 2024](https://oldmurray.calientecomunicacao.com.br/february-portfolio-update-2024/) - [Focus Stock: 3i Group plc](https://oldmurray.calientecomunicacao.com.br/focus-stock-3i-group-plc/) - [January Portfolio Update | 2024](https://oldmurray.calientecomunicacao.com.br/january-portfolio-update-2024/) - [Maximizing Tax Efficiency in 2024](https://oldmurray.calientecomunicacao.com.br/maximizing/) - [December Portfolio Update | 2023](https://oldmurray.calientecomunicacao.com.br/december-portfolio-update-2023/) - [November Portfolio Update | 2023](https://oldmurray.calientecomunicacao.com.br/november-portfolio-update-2023/) - ["A Good Time to Buy" -Note from Our CEO](https://oldmurray.calientecomunicacao.com.br/a-good-time-to-buy-note-from-our-ceo/) - [October Portfolio Update | 2023](https://oldmurray.calientecomunicacao.com.br/october-portfolio-update-2023/) - [MWG Focus Stock: Target (TGT)](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-target-tgt/) - [September Portfolio Update | 2023](https://oldmurray.calientecomunicacao.com.br/september-portfolio-update-2023/) - [MWG Focus Stock: Whitecap Resources](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-whitecap-resources/) - [August Portfolio Update | 2023](https://oldmurray.calientecomunicacao.com.br/august-portfolio-update-2023/) - [MWG Focus Stock: Thermo Fisher Scientific](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-thermo-fisher-scientific/) - [July Portfolio Update | 2023](https://oldmurray.calientecomunicacao.com.br/july-portfolio-update-2023/) - [MWG Focus Stock: Airbus (EADSY)](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-airbus-eadsy/) - [June Portfolio Update | 2023](https://oldmurray.calientecomunicacao.com.br/june-portfolio-update-2023/) - [Our Office Has Moved!](https://oldmurray.calientecomunicacao.com.br/our-office-has-moved/) - [Our fund stacks up!](https://oldmurray.calientecomunicacao.com.br/our-fund-stacks-up/) - [MWG Focus Stock: Gibson Energy (GEI)](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-gibson-energy-gei/) - [May Portfolio Update | 2023](https://oldmurray.calientecomunicacao.com.br/may-portfolio-update-2023/) - [April Portfolio Update | 2023](https://oldmurray.calientecomunicacao.com.br/april-portfolio-update-2023/) - [MWG Focus Stock: Prudential Plc (PUK.N)](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-prudential-plc-puk-n/) - [MWG's Michael Hakes on BNN Bloomberg](https://oldmurray.calientecomunicacao.com.br/mwgs-michael-hakes-on-bnn-bloomberg/) - [March Portfolio Update | 2023](https://oldmurray.calientecomunicacao.com.br/march-portfolio-update-2023/) - [MWG Focus: Artificial Intelligence](https://oldmurray.calientecomunicacao.com.br/mwg-focus-artificial-intelligence/) - [February Portfolio Update 2023](https://oldmurray.calientecomunicacao.com.br/february-update-2023/) - [January Portfolio Update | 2023](https://oldmurray.calientecomunicacao.com.br/january-portfolio-update-2023/) - [MWG Talks: Quarterly Update](https://oldmurray.calientecomunicacao.com.br/mwg-talks-quarterly-update/) - [MWG Focus Stocks: Technology](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stocks-technology-2/) - [December Portfolio Update | 2022](https://oldmurray.calientecomunicacao.com.br/december-portfolio-update-2022/) - [It's that time of year again...](https://oldmurray.calientecomunicacao.com.br/its-that-time-of-year-again/) - [November Portfolio Update | 2022](https://oldmurray.calientecomunicacao.com.br/november-portfolio-update-2022/) - [MWG's Michael Hakes is featured in Investment Executive!](https://oldmurray.calientecomunicacao.com.br/2883-2/) - The Murray Wealth Group's Sr. Portfolio Manager, Michael Hakes, CFA, is featured in this month's edition of "How to Invest". - [MWG Webinar: "A 6-Pack of Stocks"](https://oldmurray.calientecomunicacao.com.br/mwg-webinar-a-6-pack-of-stocks/) - Register today to join or Webinar on Thursday, December 8th at 12:00pm EST! - [October Portfolio Update | 2022](https://oldmurray.calientecomunicacao.com.br/october-portfolio-update-2022/) - [MWG Focus Stock: CCOI](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-ccoi/) - [September Portfolio Update | 2022](https://oldmurray.calientecomunicacao.com.br/september-portfolio-update-2022/) - [MWG Focus Stock: LVMH](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-lvmh/) - [August Portfolio Update | 2022](https://oldmurray.calientecomunicacao.com.br/august-portfolio-update-2022/) - [We've Seen the Bottom... Is Now the Time to Invest?!](https://oldmurray.calientecomunicacao.com.br/weve-seen-the-bottom-is-now-the-time-to-invest/) - [MWG Focus Stock: Aritzia](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-aritzia/) - [MWG's Jamie Murray featured in The Globe and Mail!](https://oldmurray.calientecomunicacao.com.br/mwgs-jamie-murray-featured-in-the-globe-and-mail/) - [July Portfolio Update | 2022](https://oldmurray.calientecomunicacao.com.br/july-portfolio-update-2022/) - [May Portfolio Update | 2022](https://oldmurray.calientecomunicacao.com.br/may-2022-portfolio-update/) - Volatility continued in May, with markets falling as much as 7% in the first 11 days of the month before rebounding by month-end. - [June Portfolio Update | 2022](https://oldmurray.calientecomunicacao.com.br/june-2022-portfolio-update/) - [MWG Focus Stock: LNR-TSX](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-lnr-tsx/) - A very timely investment opportunity... Linamar’s core competency is the machining and development of complex and precision componentry for industrial products. - [MWG Focus Stocks: Technology](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stocks-technology/) - [Spring Market Update Virtual Presentation](https://oldmurray.calientecomunicacao.com.br/spring-market-update-virtual-presentation/) - In this quarter's Virtual Presentation, our Portfolio Managers Bruce Murray, Michael Hakes and Jamie Murray dive into current market conditions and discuss MWG portfolios & core investment strategies. - [April Portfolio Update | 2022](https://oldmurray.calientecomunicacao.com.br/april-2022-portfolio-update/) - [MWG Focus Stock: ERES](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-eres-reit/) - [February Focus: The Ukraine Invasion, History and the Stock Market Impact](https://oldmurray.calientecomunicacao.com.br/february-focus-the-ukraine-invasion-history-and-the-stock-market-impact/) - A new cold war has emerged. It’s unfortunate, but wars are often good for stock markets. This war will focus the west for many years on diminishing Russia back to the level it was in the pre-Glasnost period. - [March Portfolio Update | 2022](https://oldmurray.calientecomunicacao.com.br/march-portfolio-update-2022/) - [February Portfolio Update | 2022](https://oldmurray.calientecomunicacao.com.br/february-portfolio-update-2022/) - [Timely Tax Tips](https://oldmurray.calientecomunicacao.com.br/timely-tax-tips/) - [January Portfolio Update | 2022](https://oldmurray.calientecomunicacao.com.br/january-portfolio-update-2022/) - [December Portfolio Update | 2021](https://oldmurray.calientecomunicacao.com.br/december-portfolio-update-2021/) - 2021 - another outstanding year in the equity markets. In USD-terms, the S&P 500 rose 27%. Among the winners are mall retailers, energy stocks & semiconductors. - [November Portfolio Update | 2021](https://oldmurray.calientecomunicacao.com.br/november-portfolio-update-2021/) - [October Portfolio Update | 2021](https://oldmurray.calientecomunicacao.com.br/october-portfolio-update-2021/) - Do your holiday shopping early unless you’re buying on Amazon! The world’s supply chains are plugged up... This isn’t new. Nike warned in March 2021 that container shortages and port congestion were delaying shipments of goods, and the situation has only deteriorated since then. - [October Focus Stock - ATZ](https://oldmurray.calientecomunicacao.com.br/october-focus-stock-atz/) - Aritzia has been a core holding in our Global Equity Growth portfolio for the past 18 months, having increased our position to a 4% target weighting from 2% during the depths of the pandemic. - [September Portfolio Update | 2021](https://oldmurray.calientecomunicacao.com.br/september-portfolio-update-2021/) - Markets go up, Markets go down. Currently in the midst of a minor correction, with the S&P 500 down 6% from its high on September 2, 2021, this is the first test for investors since the since the fall of 2020, when the market sold-off 9% ahead of the U.S. Federal Election. - [MWG Global Equity Growth Fund Ranking High Against Contemporaries](https://oldmurray.calientecomunicacao.com.br/murray-wealth-group-global-equity-growth-fund-ranking-high-against-contemporaries/) - The results of the August 2021 Global Manager Research (GMR) Institutional Performance Report are in, and we are happy to report that our clients have enjoyed 1st quartile annualized performance over all time periods (ending August 31st). - [MWG Focus Stock: MDI-TSX](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-mdi/) - Major Drilling International (MDI) is the leading global provider of specialized contract drilling services to the mining industry. Given the specialized labour force/equipment, mining companies typically outsource exploration drilling to companies like MDI as a way to mitigate the cyclical risk that faces the sector. - [MWG Focus Stock: CTS.TO](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-cts-to/) - We initiated a 1% position in Converge Technology Solutions (CTS.TO) in the Global Equity Growth Portfolio in June. Converge is executing a roll-up acquisition strategy, buying independent IT Service Providers (ITSPs) across North America. - [MWG Focus Stock: Zalando](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-zalando/) - Zalando (ZLNDY) is a leading European ecommerce apparel company with 39 million active customer accounts that should generate sales with a Gross Market Value (GMV)of EUR14B in 2021. Its broad European reach, and vast assortment of brands and products, have made it the starting destination for fashion in Europe. - [August Portfolio Update | 2021](https://oldmurray.calientecomunicacao.com.br/august-portfolio-update-2021/) - [July Portfolio Update | 2021](https://oldmurray.calientecomunicacao.com.br/july-portfolio-update-2021/) - With news of the Delta variant dominating headlines, it is worth examining whether a strong economic recovery should remain our baseline assumption, and if we should continue to stay fully invested despite elevated market multiples. - [June Portfolio Update | 2021](https://oldmurray.calientecomunicacao.com.br/june-portfolio-update-2021/) - Global equity markets continued their move higher in June on strengthening expectations for GDP growth in 2021 and 2022. Developed nations are clearly in the final stretch of the pandemic, which should lead investors to turn their focus from earnings recovery to earnings growth. - [MWG Focus Stock: AMZN](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-amzn/) - Amazon is a customer-centric company that strives to make life easy and convenient for customers. Although well known as an online retailer and e-commerce site, Amazon’s other business units are increasingly driving the profitability of the company. - [MWG Focus Stock: DLTR](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-dltr/) - Dollar Tree (DLTR) is the second-largest operator of discount variety stores across North America, offering a range of basic and seasonal goods. The company’s brands include Dollar Tree and Family Dollar, split between roughly 15,000 locations. - [May Portfolio Update | 2021](https://oldmurray.calientecomunicacao.com.br/may-portfolio-update-2021/) - Economies are in full recovery mode with vaccination rates improving daily across OECD countries. Worldwide COVID-19 cases have fallen 17% week over week with G7 nation cases falling 25-30%. As anticipated, most of the Western world will be vaccinated by fall, setting up a return to normal economic activity. - [We are at it again!](https://oldmurray.calientecomunicacao.com.br/we-are-at-it-again/) - We are at it again. In case you missed it, check out our live appearance on BNN Bloomberg Market Call! - [April Portfolio Update | 2021](https://oldmurray.calientecomunicacao.com.br/april-portfolio-update-2021/) - Markets are in the midst of a stellar first-quarter earnings season. The strength was likely anticipated given the 5% rally markets enjoyed in the first half of the month but confirmed our view that better than anticipated earnings would make the market appear less expensive than indicated by its 23x P/E multiple. - [MWG Focus Stock: CCO](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-cco/) - Global electricity demand is expected to grow by 50% over the next 30 years. This demand, when combined with growing societal pressure to remove carbon from the atmosphere, will be a challenge for the world. Nuclear Power has been controversial for most of its history due to the seriousness of reactor accidents. - [MWG Focus Stocks: Going Digital](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stocks-going-digital/) - A big investment theme for the next decade is the shift to digital living from physical. We are learning that we can complete many tasks more effectively through computing intermediaries. - [March Portfolio Update | 2021](https://oldmurray.calientecomunicacao.com.br/march-portfolio-update-2021/) - From March 23, 2020 through March 31, 2021 the S&P 500 returned 77.6% (before dividends), making it one of the greatest investment periods in history. Hindsight is 20/20 of course, but even with perfect foresight, an investor that sold at the February 2020 high would have missed out on a 17% gain. - [February Portfolio Update | 2021](https://oldmurray.calientecomunicacao.com.br/february-portfolio-update-2021/) - The concept of interest rate duration should be front and center in investors’ minds. Duration is an asset’s sensitivity to change in interest rate. For years, falling interest rates provided a tailwind to markets…real estate, bonds, equities, you name it. - [MWG Focus Stock: ADS](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-ads/) - Alliance Data Systems (ADS) is a provider of retailer loyalty solutions, most prominently through its white-label credit card program and the Air Miles rewards program in Canada. - [Our 2021 Outlook](https://oldmurray.calientecomunicacao.com.br/our-2021-outlook/) - We believe economic activity will start to normalize in summer 2021 with multiple vaccines demonstrating efficacy in building immunity to Covid-19. Global GDP has already recovered to pre-Covid levels, although the composition has changed with a higher contribution from technology and consumer goods versus services. - [We've been featured in The Globe and Mail!](https://oldmurray.calientecomunicacao.com.br/weve-been-featured-in-the-globe-and-mail/) - Our own Jamie Murray has been featured in The Globe and Mail! "Four TSX Stock Picks for an Expected Economic Recovery from an Index-beating Fund Manager." SPECIAL TO THE GLOBE AND MAIL - BRENDA BOUW - [January Portfolio Update | 2021](https://oldmurray.calientecomunicacao.com.br/january-portfolio-update-2021/) - Gamestop is a one-of-a-kind market event that will go down in investment lore. The legendary trade, with roots as early as September 2020; the blow-up, the hedge funds that took it too far; and the cinema, as the entire world watched in awe and spectacle. - [December Portfolio Update | 2020](https://oldmurray.calientecomunicacao.com.br/december-portfolio-update-2020/) - The holidays are often a time to reflect, and there was a lot to think about over an unostentatious Christmas period with restricted travel and gatherings. We will delve into our performance in more detail below, but let’s review how your investments performed in 2020. - [MWG Focus Stock: UNH](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-unh/) - The largest health insurer in the U.S, UnitedHealth Group (UNH) has two main business segments, UnitedHealthcare (60% of Revenues), its insurance arm, and Optum (40% of Revenues), the information technology and health services portion of the business. - [November Porfolio Update | 2020](https://oldmurray.calientecomunicacao.com.br/november-porfolio-update-2020/) - Equity markets surged to new highs in November on a flood of successful COVID-19 vaccine results, with the S&P 500 index rising 8%. With healthcare analysts forecasting sufficient vaccinations to achieve herd immunity by late spring 2021, markets have been looking through the second wave. - [MWG Focus Stock: STLC](https://oldmurray.calientecomunicacao.com.br/november-focus-stock-stlc/) - Stelco is an Ontario-based producer of steel products. The company has existed in some form since its original Hamilton Works facility was first commissioned in 1905! In this focus stock, we delve deeper into why we are excited about a commodity-producing company that has a history of bankruptcy! - [October Portfolio Update | 2020](https://oldmurray.calientecomunicacao.com.br/october-portfolio-update-2020/) - Despite a good earnings season, markets moved lower in October on high expectations in the tech sector and deflated optimism regarding the reopening trade. - [MWG Focus Stock: IRSG](https://oldmurray.calientecomunicacao.com.br/mwg-focus-stock-irsg/) - Domo Arigato, Mr. Roboto! Our Head of Research and Portfolio Manager, Jamie Murray, brings you our first focus stock: Intuitive Surgical Inc! - [September Portfolio Update | 2020](https://oldmurray.calientecomunicacao.com.br/september-portfolio-update-2020/) - Last month, we stated our belief that it was unlikely a second wave of the Coronavirus would lead to a revisiting of the market lows. This belief was tested in September as more countries around the world entered the second wave (Canada, Europe, Japan). - [In Memory of William "Bill" Giblin](https://oldmurray.calientecomunicacao.com.br/in-memory-of-william-bill-giblin/) - In memory of Bill Giblin, who served on The Murray Wealth Group Advisory Board for the past 5 years. We were incredibly lucky to have his support and guidance. He will be deeply missed. His loyalty, sage advice and great sense of humour cannot be replaced. Rest in Peace Bill. - [Time To “Check-in” on the Aircraft Travel Market](https://oldmurray.calientecomunicacao.com.br/time-to-check-in-on-the-aircraft-travel-market/) - With the Coronavirus pandemic grounding global air travel, driving affected equities down 50-70% from their pre-COVID highs, is it now time to invest for a rebound? In this piece, we will examine the issues at hand to see which factors are the most significant in figuring out when or if a rebound can be expected. - [Jamie Goes Virtual on BNN Bloomberg Market Call](https://oldmurray.calientecomunicacao.com.br/jamie-goes-virtual-on-bnn-bloomberg-market-call/) - [Is This Tech Bubble 2.0?](https://oldmurray.calientecomunicacao.com.br/is-this-tech-bubble-2-0/) - There is a lot of talk comparing the current market to that of 1999-2000. And while it true that technology is eating the world and the current outlook for further penetration is favourable, we believe there are substantial differences that make today’s sector much more defensive. - [August Portfolio Update | 2020](https://oldmurray.calientecomunicacao.com.br/august-portfolio-update/) - It’s becoming increasingly apparent that the COVID-low in the market occurred in March. That statement may seem blindingly obvious with the S&P500 reaching a new all-time high on September 2, but after a continuous bombardment of ominous headlines it can be tough to see the forest for the trees. - [July Portfolio Update | 2020](https://oldmurray.calientecomunicacao.com.br/july-portfolio-update-2020/) - Technology remained in focus in July, with results from the technology leaders speaking to the durability of these businesses. - [June Portfolio Update | 2020](https://oldmurray.calientecomunicacao.com.br/june-portfolio-update/) - Equity markets closed out the second quarter on a high note, extending the rally off the low of March when investor fears surrounding the economic impacts of the Coronavirus were at their peak. - [Financial Planning in the Wake of COVID-19](https://oldmurray.calientecomunicacao.com.br/financial-planning-in-the-wake-of-covid-19/) - We are all going through some unprecedented times right now as a result of COVID-19. We wanted to share some financial tips that might be useful in the wake of all this uncertainty. - [Twilio: Enabling Communication Anywhere](https://oldmurray.calientecomunicacao.com.br/twilio-enabling-communication-anywhere/) - If you have ever taken an Uber, you have used a Twilio product. For example, if you've received a status text message from Uber -- or you contacted your driver through voice or text... And yet throughout the process, your identity and phone number remained private. Twillio provides the platform for this communication. - [May Portfolio Update | 2020](https://oldmurray.calientecomunicacao.com.br/may-portfolio-update/) - Equity markets posted a second consecutive month of gains in May. Volatility indicators calmed, providing some comfort to investors, and focus shifted to the re-opening of economies. - [April Portfolio Update | 2020](https://oldmurray.calientecomunicacao.com.br/april-portfolio-update/) - The markets continued their recovery from March lows, with hopes pinned on the rapid response from governments around the world to backstop workers through aggressive unemployment benefits and their support of affected industries through favourable loan programs. - [Netflix: The Opportunity Beyond Hollywood](https://oldmurray.calientecomunicacao.com.br/netflix-the-opportunity-beyond-hollywood/) - Less than a decade ago, Netflix embarked on the International expansion of its eponymous video-on-demand streaming service. Netflix’s subsequent success can be evidenced by its revenue growth. At the heart of this growth is the Flywheel strategy it uses to perpetuate its growth. - [March Portfolio Update | 2020](https://oldmurray.calientecomunicacao.com.br/march-portfolio-update/) - Equity markets suffered one of their sharpest drawdowns in history during the month of March as the expansion of the Coronavirus through the Western Hemisphere led to extreme social distancing and a sharp decline in demand. - [February Portfolio Update | 2020](https://oldmurray.calientecomunicacao.com.br/february-portfolio-update/) - The stock market panic of late February, due to fears to COVID-19 and a Bernie Sanders presidency, led to one of the sharpest selloffs in recent history. - [A Message from Our Team](https://oldmurray.calientecomunicacao.com.br/a-message-from-our-team/) - The Murray Wealth Group addresses concerns surrounding COVID-19 and the markets. - [Crude Oil Drinks a Corona (catches a virus)](https://oldmurray.calientecomunicacao.com.br/crude-oil-drinks-a-corona-catches-a-virus/) - MWG Spotlight on Current Events - Coronavirus and the Oil Markets - [What's Happening in the Oil Market?](https://oldmurray.calientecomunicacao.com.br/oil_market/) - Oil and commodities are inherently cyclical. And while it’s true that oil is being replaced by other forms of cleaner energy, this trend has been ongoing for several decades. In 1990, oil consumption represented half of global energy consumption. - [January Portfolio Update | 2020](https://oldmurray.calientecomunicacao.com.br/january-portfolio-update-2020/) - We now have a new worry in the financial markets, with the World Health Organization deeming the outbreak of the Wuhan Coronavirus as a Global Public Health Emergency. There is still much unknown about the virus and its ultimate effects on the economy. - [2020 Outlook](https://oldmurray.calientecomunicacao.com.br/2020-outlook/) - Market priced higher; Watch the Fed; Tech continues to eat the world; Five BOLD Predictions. - [2019 Outlook Retrospective](https://oldmurray.calientecomunicacao.com.br/2019-outlook-retrospective/) - MWG review our 2019 outlook to examine how we did. Our outlook is only relevant in the context of making our clients’ money so that is the lens through which we will view our predictions. If you recall, this outlook was provided followed the worst quarter for equity markets in 10 years (the 4​th​ quarter of 2018). - [Year in Review: December Portfolio Update](https://oldmurray.calientecomunicacao.com.br/year-in-review-december-portfolio-update/) - For 2020, profit growth is expected to be muted, with just 3% growth forecasted by market prognosticators. We believe this number to be low and expect earnings growth of over 5%. Logic would lead us to expect 5% market returns plus dividends, which would provide investors with a respectable 7-8% total return. - [Lessons from Silicon Valley](https://oldmurray.calientecomunicacao.com.br/lessons_from_silicon_valley/) - Jamie's recent travels had him visiting with several public and private companies in the Seattle/San Francisco area with a view towards gaining further insight into the future of the auto industry. And guess what -- major structural changes are expected to occur. - [NOVEMBER PORTFOLIO REVIEW](https://oldmurray.calientecomunicacao.com.br/november-portfolio-review/) - This year, commentators have focused on FOMO (Fear of Missing Out) as institutional investors, who had raised cash or reduced their exposure to volatility in anticipation of weaker markets, panicked to reduce cash levels in fear of losing their bonuses or jobs (both of which are tied to performance). - [Facebook's Asian Opportunity](https://oldmurray.calientecomunicacao.com.br/facebooks-asian-opportunity/) - After spending parts of October in Hong Kong, Vietnam and Japan, one thing is clear: technology is just as ingrained in Asia as it is in North America. Here we present some observations from our travels that indicate additional growth potential for our two largest holdings, Facebook and Google. - [OCTOBER PORTFOLIO REVIEW](https://oldmurray.calientecomunicacao.com.br/october-portfolio-review/) - Our October market report is being written in a small café in Kyoto, Japan, as Bruce and Jamie tour different parts of Asia following a family wedding. Never fear, our commitment to investing (and jet lag) have kept us closely following the rise in equity markets to all-time highs. - [IBM: Signs of a turnaround afoot](https://oldmurray.calientecomunicacao.com.br/ibm-signs-of-a-turnaround-afoot/) - IBM reported its financial results last night. While earnings were inline, revenue misses in its legacy businesses sent the shares down 6% in trading. Nevertheless, we believe IBM is poised to move higher as the company returns to revenue growth in 2020-2021. - [Midsummer Musings](https://oldmurray.calientecomunicacao.com.br/market-research-14-midsummer-musings/) - [MWG on BNN](https://oldmurray.calientecomunicacao.com.br/mwg-on-bnn/) - [Did you miss us on BNN?!](https://oldmurray.calientecomunicacao.com.br/did-you-miss-us-on-bnn/) - [SEPTEMBER PORTFOLIO REVIEW](https://oldmurray.calientecomunicacao.com.br/september-portfolio-review/) - [Recession Watch 2019](https://oldmurray.calientecomunicacao.com.br/recession-watch-2019/) - [AUGUST PORTFOLIO REVIEW](https://oldmurray.calientecomunicacao.com.br/august-portfolio-review/) - [Trade War Times: Where to Invest](https://oldmurray.calientecomunicacao.com.br/trade-war-times-where-to-invest/) - [Jamie Murray on BNN "Market Call Tonight" - July 8, 2019](https://oldmurray.calientecomunicacao.com.br/jamie-murray-on-bnn-market-call-tonight-july-8-2019/) - [Bruce Murray on Market Call Tonight - May 23 2019](https://oldmurray.calientecomunicacao.com.br/bruce-murray-on-market-call-tonight-may-23-2019/) - [Market Research #011: Cruising Industry](https://oldmurray.calientecomunicacao.com.br/market-research-011-cruising-industry/) - [Market Research #12: Aritzia](https://oldmurray.calientecomunicacao.com.br/aritzia/) - [Market Research #13: Antitrust](https://oldmurray.calientecomunicacao.com.br/market-research-13-antitrust/) - [Market Research #010: Global Automotive Sector](https://oldmurray.calientecomunicacao.com.br/market-research-010-global-automotive-sector/) - [Market Research #001 - The Lost Decade: How to Make Money in Canada?](https://oldmurray.calientecomunicacao.com.br/market-research-001-the-lost-decade-how-to-make-money-in-canada/) - [Market Research #009 - Facebook: controversy in rear-view, growth resumes](https://oldmurray.calientecomunicacao.com.br/market-research-009-facebook-controversy-in-rear-view-growth-resumes/) - [Market Research #008 - 2019 Outlook](https://oldmurray.calientecomunicacao.com.br/market-research-008-2019-outlook/) - [Market Research #007 – Netflix: Large Market Provides Room to Grow](https://oldmurray.calientecomunicacao.com.br/market-research-007-netflix-large-market-provides-room-to-grow/) - [Market Research #006 - Airbus: Big Airplane Backlog will Drive Upside](https://oldmurray.calientecomunicacao.com.br/market-research-006-airbus-big-airplane-backlog-will-drive-upside/) - [Market Research #005 – Reviewing the Technology Thesis](https://oldmurray.calientecomunicacao.com.br/market-research-005-reviewing-the-technology-thesis/) - [Market Research #002 – Why We Like the Technology Sector](https://oldmurray.calientecomunicacao.com.br/market-research-002-why-we-like-the-technology-sector/) - [Market Research #004 – US Medical Device Companies](https://oldmurray.calientecomunicacao.com.br/market-research-004-us-medical-device-companies/) - [Market Research #003 – Investing in Growth Companies](https://oldmurray.calientecomunicacao.com.br/market-research-003-investing-in-growth-companies/) - [JULY PORTFOLIO REVIEW](https://oldmurray.calientecomunicacao.com.br/july-portfolio-review/) - [MWG Portfolio Update - June 2019](https://oldmurray.calientecomunicacao.com.br/mwg-portfolio-update-june-2019/) - [MWG Portfolio Update - May 2019](https://oldmurray.calientecomunicacao.com.br/mwg-portfolio-update-may-2019/) - [MWG Portfolio Update - December 2018](https://oldmurray.calientecomunicacao.com.br/mwg-portfolio-update-december-2018/) - [MWG Portfolio Update - November 2018](https://oldmurray.calientecomunicacao.com.br/mwg-portfolio-update-november-2018/) - [MWG Portfolio Update - March 2019](https://oldmurray.calientecomunicacao.com.br/mwg-portfolio-update-march-2019/) - [MWG Portfolio Update - January 2019](https://oldmurray.calientecomunicacao.com.br/mwg-portfolio-update-january-2019/) - [MWG Portfolio Update - February 2019](https://oldmurray.calientecomunicacao.com.br/mwg-portfolio-update-february-2019/) - [MWG Portfolio Update - April 2019](https://oldmurray.calientecomunicacao.com.br/mwg-portfolio-update-april-2019/) - [Watch Bruce Murray on BNN's 'The Close' - April 29 2019](https://oldmurray.calientecomunicacao.com.br/watch-bruce-murray-on-bnns-the-close-april-29-2019/) - [Bruce Murray on BNN Market Call - April 8 2019](https://oldmurray.calientecomunicacao.com.br/bruce-murray-on-bnn-market-call-april-8-2019/) - [Jamie Murray, Head of Research, Officially Named Portfolio Manager](https://oldmurray.calientecomunicacao.com.br/jamie-murray-head-of-research-officially-named-porfolio-manager/) - [Bruce Murray on BNN Market Call Tonight - February 11th, 2019](https://oldmurray.calientecomunicacao.com.br/bruce-murray-on-bnn-market-call-tonight-february-11-2019/) - [Jamie Murray on BNN's Market Call Tonight - February 26 2019](https://oldmurray.calientecomunicacao.com.br/jamie-murray-on-bnns-market-call-tonight-february-26-2019/) - [Jamie Murray on BNN Market Call Tonight - December 27, 2018](https://oldmurray.calientecomunicacao.com.br/jamie-murray-on-bnn-market-call-december-27-2018/) - [Bruce Murray on Market Call Tonight May 30 2018](https://oldmurray.calientecomunicacao.com.br/bruce-murray-on-market-call-tonight-may-30-2018/) - [Bruce Murray on Market Call Tonight March 20, 2018](https://oldmurray.calientecomunicacao.com.br/bruce-murray-on-bnn-march-20th/) - [Bruce Murray on Market Call December 17 2017](https://oldmurray.calientecomunicacao.com.br/bruce-murray-on-market-call-12-11-2017/) - [Bruce Murray on Market Call Tonight January 15 2018](https://oldmurray.calientecomunicacao.com.br/bruce-murray-on-market-call-1-15-2018/) - [Bruce Murray on Market Call Tonight - November 13, 2017](https://oldmurray.calientecomunicacao.com.br/bruce-murrays-market-outlook-november-13-2017-bnn/) - [Bruce Murray's Top Picks: September 20, 2017](https://oldmurray.calientecomunicacao.com.br/bruce-murrays-top-picks-september-20-2017-article-bnn/) - [Watch Bruce Murray on BNN's Market Call on Wednesday April 19th](https://oldmurray.calientecomunicacao.com.br/watch-bruce-murray-bnns-market-call-wednesday-april-19th-530pm/) - [CITT Canada Logistics Conference Tuesday October 27, 2015](https://oldmurray.calientecomunicacao.com.br/citt-canada-logistics-conference-tuesday-october-27-2015-2/) - [Bruce Murray on BNN Market Call - January 7th, 2019](https://oldmurray.calientecomunicacao.com.br/bruce-murray-on-bnn-market-call-january-7th-2019/) - [Murray Wealth Group Q3 Report](https://oldmurray.calientecomunicacao.com.br/mwg-q3-report/) - [Bruce Murray on BNN Market Call Tonight - November 14 2018](https://oldmurray.calientecomunicacao.com.br/bruce-murray-on-bnn-market-call-tonight-november-14-2018/) - [MWG Portfolio Update - October 2018](https://oldmurray.calientecomunicacao.com.br/mwg-portfolio-update-october-2018/) - [Bruce Murray on Market Call Tonight October 18 2018](https://oldmurray.calientecomunicacao.com.br/bruce-murray-on-market-call-tonight-october-18-2018/) - [MWG Portfolio Update - September 2018](https://oldmurray.calientecomunicacao.com.br/mwg-monthly-portfolio-update-september-2018/) - [Jamie Murray on Market Call Tonight October 3 2018](https://oldmurray.calientecomunicacao.com.br/jamie-murray-on-market-call-tonight-october-3-2018/) - [Bruce Murray on Market Call September 18 2018](https://oldmurray.calientecomunicacao.com.br/bruce-murray-on-market-call-sept-18-2018/) - [MWG Portfolio Update - August 2018](https://oldmurray.calientecomunicacao.com.br/mwg-portfolio-update-august-2018/) - [MWG Portfolio Update - July 2018](https://oldmurray.calientecomunicacao.com.br/mwg-portfolio-update-july-2018/) - [Bruce Murray on Market Call Tonight July 24th 2018](https://oldmurray.calientecomunicacao.com.br/bruce-murray-on-bnn-market-call-tonight-july-24th-2018/) - [MWG Monthly Portfolio Update - June 2018](https://oldmurray.calientecomunicacao.com.br/mwg-june-portfolio-update/) - [MWG Monthly Portfolio Update - May 2018](https://oldmurray.calientecomunicacao.com.br/mwg-monthly-portfolio-update-may-2018/) - [Murray Wealth Group Q1 Report](https://oldmurray.calientecomunicacao.com.br/murray-wealth-group-q1-report/) - [MWG Monthly Portfolio Update - April 2018](https://oldmurray.calientecomunicacao.com.br/mwg-april-portfolio-update/) - [James Murray on Market Call May 4th 2018](https://oldmurray.calientecomunicacao.com.br/james-murray-on-market-call-may-4th-2018/) - [MWG Monthly Portfolio Update – March 2018](https://oldmurray.calientecomunicacao.com.br/mwg-monthly-portfolio-update-march-2018/) - [Murray Wealth Group Q4 Report](https://oldmurray.calientecomunicacao.com.br/murray-wealth-group-q4-report/) - [Portfolio Update - January 2018](https://oldmurray.calientecomunicacao.com.br/portfolio-update-january-2018/) - [Portfolio Update - December 2017](https://oldmurray.calientecomunicacao.com.br/portfolio-update-december-2017/) - [Portfolio Update - October 2017](https://oldmurray.calientecomunicacao.com.br/portfolio-update-october-2017/) - [Portfolio Update - September 2017](https://oldmurray.calientecomunicacao.com.br/portfolio-update-september-2017/) - [How to Pick an Investment Manager](https://oldmurray.calientecomunicacao.com.br/how-to-pick-an-investment-manager/) - [Market Call for Wednesday, July 13, 2016](https://oldmurray.calientecomunicacao.com.br/market-call-for-wednesday-july-13-2016/) - [2016 Q2 Letter to The Murray Wealth Group Inc. Investors](https://oldmurray.calientecomunicacao.com.br/2016-q2-letter-to-the-murray-wealth-group-inc-investors/) - [Market Call Tonight for Tuesday, October 4, 2016](https://oldmurray.calientecomunicacao.com.br/market-call-tonight-tuesday-october-4-2016/) - [January Monthly Portfolio Update and Fund Fact Sheets](https://oldmurray.calientecomunicacao.com.br/january-monthly-portfolio-update-fund-fact-sheets/) - [February Monthly Portfolio Update and Fund Fact Sheets](https://oldmurray.calientecomunicacao.com.br/february-monthly-portfolio-update-fund-fact-sheets/) - [March Monthly Portfolio Update and Fund Fact Sheets](https://oldmurray.calientecomunicacao.com.br/march-monthly-portfolio-update-fund-fact-sheets/) - [Watch Bruce Murray on BNN’s Market Call on Tuesday, June 20](https://oldmurray.calientecomunicacao.com.br/watch-bruce-murray-bnns-market-call-tuesday-june-20/) - [April Portfolio Update and Fund Fact Sheets](https://oldmurray.calientecomunicacao.com.br/april-portfolio-update-fund-fact-sheets/) - [May Portfolio Update and Fund Fact Sheets](https://oldmurray.calientecomunicacao.com.br/may-portfolio-update-fund-fact-sheets/) - [June Portfolio Update and Fund Fact Sheets](https://oldmurray.calientecomunicacao.com.br/june-portfolio-update-fund-fact-sheets/) - [Watch Jamie Murray on BNN ' Looking at the Loonie after the first half of 2017"](https://oldmurray.calientecomunicacao.com.br/watch-jamie-murray-bnn-looking-loonie-first-half-2017/) - [Watch Bruce Murray on BNN's Market Call August 1st, 2017](https://oldmurray.calientecomunicacao.com.br/watch-bruce-murray-bnns-market-call-august-1st-2017/) - [RBC shareholder: PAA short seller 'exaggerating'](https://oldmurray.calientecomunicacao.com.br/rbc-shareholder-paa-short-seller-exaggerating/) - [2015 Q4 Letter to The Murray Wealth Group Inc. Investors](https://oldmurray.calientecomunicacao.com.br/q4-letter-murray-wealth-group-inc-investors/) - [2015 Q3 Letter to The Murray Wealth Group Inc. Investors](https://oldmurray.calientecomunicacao.com.br/2015-q3-letter-murray-wealth-group-inc-investors/) - [La Presse - November 20, 2015](https://oldmurray.calientecomunicacao.com.br/la-presse-november-20-2015/) - [Our Team and Process](https://oldmurray.calientecomunicacao.com.br/our-team-and-process/) - [Flying High in Uncharted Skies – the Golden Age for Aviation Investors](https://oldmurray.calientecomunicacao.com.br/flying-high-in-uncharted-skies-the-golden-age-for-aviation-investors/) - [Why MWG Remains Bullish](https://oldmurray.calientecomunicacao.com.br/why-mwg-remains-bullish/) ## Pages - [Home](https://oldmurray.calientecomunicacao.com.br/) - Building wealth through world class investing. - [Home Hidden New Page](https://oldmurray.calientecomunicacao.com.br/home-hidden-new-page/) - [Home Hidden](https://oldmurray.calientecomunicacao.com.br/home-hidden-2/) - Building wealth through world class investing. - [Note from Bruce Murray Hidden](https://oldmurray.calientecomunicacao.com.br/note-from-bruce-murray-hidden/) - A personal message from Bruce Murray, Founder and Chief Investment Officer of Murray Wealth Group. Discover MWG’s disciplined, transparent and independent approach to long-term investing. - [INDIVIDUAL INVESTOR HIDDEN PAGE](https://oldmurray.calientecomunicacao.com.br/individual-investor-hidden-page/) - [FINANCIAL ADVISORS PAGE Hidden](https://oldmurray.calientecomunicacao.com.br/financial-advisors-page-hidden/) - Murray Wealth Group partners with financial advisors across Canada to deliver disciplined, transparent and performance-driven investment strategies. Explore MWG’s Equity Growth and Income Growth Funds to help clients build long-term wealth - [Home Hidden Page](https://oldmurray.calientecomunicacao.com.br/home-hidden-page/) - Murray Wealth Group is a trusted Canadian investment firm dedicated to helping clients grow, protect and understand their wealth through disciplined strategy, independent thinking and transparent partnership. - [Contact](https://oldmurray.calientecomunicacao.com.br/contact/) - [Income Growth Fund](https://oldmurray.calientecomunicacao.com.br/income-growth-fund/) - The mandate of the MWG Income Growth Fund is to select securities that are able to generate high returns through income and capital appreciation. - [Global Equity Growth](https://oldmurray.calientecomunicacao.com.br/global-equity-growth/) - [Strategies](https://oldmurray.calientecomunicacao.com.br/products/) - In-depth fundamental research is the basis for our two equity products offerings. - [Rohit](https://oldmurray.calientecomunicacao.com.br/rohit/) - [Helping Financial Advisors with growth ideas](https://oldmurray.calientecomunicacao.com.br/helping-financial-advisors-with-growth-ideas/) - [Team](https://oldmurray.calientecomunicacao.com.br/about-us/team/) - MWG is a team headed by Bruce Murray, a 40 year veteran in the investment management industry. - [Home-bkp-16july2025](https://oldmurray.calientecomunicacao.com.br/home-bkp-16july2025/) - Building wealth through world class investing. - [Murrayville Hidden Page](https://oldmurray.calientecomunicacao.com.br/murrayville-hidden-page/) - [Now available to Financial Advisors old](https://oldmurray.calientecomunicacao.com.br/now-available-to-financial-advisors-old/) - [landing test](https://oldmurray.calientecomunicacao.com.br/landing-test/) - [Elaine Li](https://oldmurray.calientecomunicacao.com.br/elaine-li/) - [Our Team](https://oldmurray.calientecomunicacao.com.br/our-team/) - [Scarlett Song](https://oldmurray.calientecomunicacao.com.br/scarlett-song/) - [Michaela Dickey](https://oldmurray.calientecomunicacao.com.br/michaela-dickey/) - [ROB](https://oldmurray.calientecomunicacao.com.br/rob/) - [Mostafa Ali](https://oldmurray.calientecomunicacao.com.br/mostafa-ali/) - [Susan Eagleson](https://oldmurray.calientecomunicacao.com.br/susan-eagleson/) - [Jamie Murray](https://oldmurray.calientecomunicacao.com.br/jamie-murray/) - [Bruce Murray](https://oldmurray.calientecomunicacao.com.br/bruce-murray/) - [Michael Hakes](https://oldmurray.calientecomunicacao.com.br/michael-hakes/) - [Murray Wealth Group Prospective Client Questionnaire](https://oldmurray.calientecomunicacao.com.br/murray-wealth-group-prospective-client-questionnaire/) - [Note from Bruce](https://oldmurray.calientecomunicacao.com.br/note-from-bruce/) - How do we build, manage and help you transfer wealth? - [Philosophy](https://oldmurray.calientecomunicacao.com.br/investment-philosophy/) - We utilize a long-term view to invest in companies with the ability to deliver above-average growth - [Advisory Board](https://oldmurray.calientecomunicacao.com.br/about-us/team/advisory-board/) - [About Us](https://oldmurray.calientecomunicacao.com.br/about-us/) - [Newsletter Subscription](https://oldmurray.calientecomunicacao.com.br/newsletter-subscription/) - [Legal](https://oldmurray.calientecomunicacao.com.br/legal/) - [Separately Managed Accounts](https://oldmurray.calientecomunicacao.com.br/segregated-funds/) - [Cost to You](https://oldmurray.calientecomunicacao.com.br/cost-to-you/) - [Privacy Policy](https://oldmurray.calientecomunicacao.com.br/privacy-policy/) - [Trade Matching](https://oldmurray.calientecomunicacao.com.br/trade-matching/) ## My Templates - [Elementor Header](https://oldmurray.calientecomunicacao.com.br/?elementor_library=elementor-header-4560) - [Elementor Footer](https://oldmurray.calientecomunicacao.com.br/?elementor_library=elementor-footer-4577) - [Default Kit](https://oldmurray.calientecomunicacao.com.br/?elementor_library=default-kit) ## Categories - [Uncategorized](https://oldmurray.calientecomunicacao.com.br/category/uncategorized/) - [Media](https://oldmurray.calientecomunicacao.com.br/category/media/) - [Article](https://oldmurray.calientecomunicacao.com.br/category/article/) - [Portfolio Updates](https://oldmurray.calientecomunicacao.com.br/category/portfolio-updates/) - [Market Insights](https://oldmurray.calientecomunicacao.com.br/category/market-insights/) ## Tags - [Events](https://oldmurray.calientecomunicacao.com.br/tag/events/) - [recession](https://oldmurray.calientecomunicacao.com.br/tag/recession/) - [research](https://oldmurray.calientecomunicacao.com.br/tag/research/) - [investment banking](https://oldmurray.calientecomunicacao.com.br/tag/investment-banking/) - [facebook](https://oldmurray.calientecomunicacao.com.br/tag/facebook/) - [google](https://oldmurray.calientecomunicacao.com.br/tag/google/) - [TikTok](https://oldmurray.calientecomunicacao.com.br/tag/tiktok/) - [socialmedia](https://oldmurray.calientecomunicacao.com.br/tag/socialmedia/) - [healthcare](https://oldmurray.calientecomunicacao.com.br/tag/healthcare/) - [investment](https://oldmurray.calientecomunicacao.com.br/tag/investment/) - [stock](https://oldmurray.calientecomunicacao.com.br/tag/stock/) - [global equity markets](https://oldmurray.calientecomunicacao.com.br/tag/global-equity-markets/) - [growth stock](https://oldmurray.calientecomunicacao.com.br/tag/growth-stock/)