While Tetrault doesn’t believe crypto will replace currency, he does think there’s an opportunity for more adoption since the retail demand for crypto hasn’t peaked yet. He also thinks more advisors are talking to their clients with more risk tolerance about it.
Oil and gas
Tetrault also added Canadian oil and gas sector exposure to his clients’ portfolios over the last year.
“It was something that we were a little late on, but we were still very, very, very early in the game,” he said.
“We didn’t know the Canadian oil and gas stocks would rally this much,” he said. “If you bought some of these Canadian names, either the small cap or mid-caps, or even just some of these Canadian oil and gas mutual funds, you’ve done quite well, and I’m happy that we made that play.
“Now, obviously, some of our clients don’t want oil and gas exposure at all, and we don’t have it in their portfolio, but anyone who’s agnostic to the sector has gotten a benefit.”
