While the Canadian money manager is positive on U.S.
Canadian software provider Shopify Inc.’s 51 percent surge on its New York trading debut in May underscores the bull market’s advancing age, Wilson said.
“That’s not the start of a bull market cycle,” Wilson said in an interview in Bloomberg’s Toronto office. “That tells you where we are in the equity cycle. My best guess is we have a year or two left.”
Sprott, founded by gold investor Eric Sprott in 1981, hired Wilson in 2012 to help diversify the firm as the precious metal tumbled. Assets edged up to C$7
Non-resource assets now make up about 75 percent of Sprott’s actively managed funds, compared with 27 percent in 2012, the company said.
Sprott has risen 4.5 percent to C$2
- Source, Bloomberg