TopPicks from Jason Del Vicario, portfolio manager, Hillside Wealth Management, iA Private Wealth
Jason Del Vicario, portfolio manager of Hillside Wealth Management at iA Private Wealth, discusses his top picks: Premier Anti-Aging, Kaspi.kz, and Plus500.It has a market-leading skin care product in Japan Duo and a subscription model which we like as customers pay upfront. The stock is down a lot since we bought with a one per cent conviction weight. Its profits have fallen in the short term; if we were convinced this was as a result of short-term reasons we’d add to a position down this much.
I’ve spoken about this company in the past. We continue to be extremely impressed with how this company operates and performs. The risk here is mostly geopolitical which is a risk we can’t control. If this business was in a developed country it would probably be a five per cent conviction weight for us. Instead, it’s a 1.5 per cent weight which has grown to over per cent. We originally bought shares at $110 in January 2022 and added at $70 and $58 .
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