{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"In the Money with Amber Kanwar","title":"The Perfect Resource Portfolio: An Outperforming Fund Manager Reveals His Strategy","html":"","width":"100%","height":180,"duration":3492,"description":"What does the perfect resource portfolio look like right now? And where are the biggest opportunities in commodities as the economic cycle enters its later stages?\nOn this episode of In the Money with Amber Kanwar, Benoit Gervais, Managing Director, Portfolio Manager, Co-head of Mackenzie Resources and Energy Evolution Team, shares how he's positioning his resource portfolios after outperforming the broader market and commodity benchmarks. He's dramatically reduced his exposure to gold, increased his bets on energy and economically sensitive commodities, and believes the current expansion still has room to run. But his strategy goes well beyond the obvious trades. From oil and natural gas to copper, steel and cement, Gervais explains where he sees the best opportunities, why the AI buildout could benefit some overlooked industries, and how he's balancing risk and reward in an increasingly unpredictable market.\nGervais also weighs in on the outlook for Canadian energy, why he thinks uranium investors may be getting ahead of themselves, the challenges facing Canadian natural gas producers, and why global diversification is essential for resource investors.\nIn the Mailbag, Gervais doesn't hold back. He questions Barrick Mining's (ABX) plan to spin off its Nevada assets despite owning the stock, raises concerns about governance at Strathcona Resources (SCR), and explains why he's reduced his exposure to Cenovus Energy (CVE). He also discusses Canadian Natural Resources (CNQ), the opportunity in refiners including Valero (VLO), and why he prefers TotalEnergies (TTE) over Exxon Mobil (XOM).\nIn Pro Picks, Gervais takes us around the world with three resource stocks he believes offer compelling upside. He makes the case for Brazilian oil producer PetroRio (PRIO3), U.S. LNG exporter Venture Global (VG), which he believes could double or triple over time, and Austrian specialty steel producer voestalpine (VOE), which could benefit from Europe's push to protect its domestic...","thumbnail_url":"https://img.transistorcdn.com/er9NR63MREFV6i2rlZX8f-yMY6gNSK83fNUOzBPoSt8/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zZmQy/OWMwNmEzY2Y0YTg1/NjM4MjQ3Y2NjMWYy/Zjk1My5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}