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Preferred Shares Outlook with Fiera Capital

Jeff Lucyk
Nicolas Normandeau

2022 was a year of exceptional difficulty for Canadian preferred share investors, as a combination of credit concerns and interest rate volatility resulted in losses. Now with yields well in excess of 6% on most issuances in Canada, Canadian preferred shares might be an area of untapped opportunity for investors looking for income that can outpace inflation.

Watch Jeff Lucyk, Senior Vice-President, Head of Retail Sales and Nicolas Normandeau, Portfolio Manager, Integrated Fixed Income team at Fiera Capital, as they discuss the outlook on the Preferred Share market and the approach Fiera Capital is taking on Preferred Shares positioning for the year ahead.

In this webinar you will learn:

  • Review of the Preferred Shares market in 2022
  • How interest rates can impact preferred share yields
  • Fiera Capital’s Preferred Share market outlook for 2023
  • Which Preferred Share sectors could offer the best relative value right now?

Jeff Lucyk

Executive Vice-President, Head Of Sales, Horizons ETFs

Jeff Lucyk is Executive Vice-President, Head of Sales for Horizons ETFs. Mr. Lucyk is responsible for managing and leading the sales team to identify new business opportunities and enhancing the growth of the firm. He was formerly the Vice-President, National Sales Manager at Norrep Investments. Mr. Lucyk graduated from Brock University with an Honours Degree in Business Administration and holds the Chartered Alternative Investment Analyst (CAIA) designation.

Nicolas Normandeau

Vice-President and Portfolio Manager, Fixed Income, Fiera Capital

Nicolas Normandeau is a member of the Integrated Fixed Income team and is a portfolio manager for the Integrated Fixed Income strategies, including the team’s Preferred Shares portfolios. Mr. Normandeau has 18 years of industry experience and has been with the firm and a predecessor since 2009. Prior experiences include positions as Wealth Management Analyst for a leading Canadian financial institution and a consulting firm. Mr. Normandeau graduated from the Université de Sherbrooke with a Bachelor of Business Administration (BBA), majoring in Finance. He later received a Master’s in Management degree (MSc) in Finance from the Université de Sherbrooke as well as the Chartered Financial Analyst (CFA) designation.

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