This year, we traveled to nine cities across Canada for the 20^th annual Sharing of Knowledge Series. Our thematic focus, Reinventing Globalization: Navigating the New Investment Regime, explored how investors can manage globalization's historic changes and shared our best ideas on building a diversified portfolio with equities.

This event featured institutional investment leaders who delivered thought provoking presentations on the following topics:

Globalization as we know it is gone

Globalization has been put under pressure recently by a more assertive nationalistic China, the COVID-19 pandemic, and the Russian invasion of Ukraine. Today, governments and companies are emphasizing security and the reliability of supply chains, which has led to reshoring the manufacturing of products in advanced tech and other areas. This deglobalization trend has key implications for labour and capital costs as well as macro volatility.

Kevin Hebner, PhD, Managing Director, Global Investment Strategist, Epoch Investment Partners Inc.	William W. Priest, CFA, Executive Chairman, Co-Chief Investment Officer and Portfolio Manager, Epoch Investment Partners Inc.

Investment implications for the new regime

In the current investment environment, portfolio construction needs are expanding to incorporate additional diversification and to enhance nimbleness. An ability to respond to shifting structural dynamics with multiple levers will create risk management and return opportunities for investors. Equity diversification will hold particular importance, since the asset class provides adaptability in response to rapid changes and an opportunity to generate alpha across a wider range of market conditions.

Jafer Naqvi, CFA,  Vice President & Director, Lead of Institutional Asset Allocation Team, TD Asset Management Inc.	Nicole Lomax, CFA,  道明資產管理有限公司副總裁

Global economic and market update

At our Toronto event, we also had an engaging panel discussion on markets and the economy from a global perspective which featured the following special guests:

Moderator:  Kim Parlee,  道明財富副總裁	Panelist: Beata Caranci,  Senior Vice President & Chief Economist, TD Bank Group	Panelist: Priya Misra,  Head of Global Rates Strategy, TD Securities

Please refer to the event synopsis for a full recap of the insights shared. For additional resources related to this year's theme, please refer to the following articles:

• Reinventing Globalization Part I: Playing the Movie in Reverse
• Reinventing Globalization Part II: Unlearning Lessons Taken to Heart Since the 1980s
• An Asset Allocator's Guide to Multi-Strategy Equity Portfolios

If you would like more information about the Sharing of Knowledge Learning Series 2023, please contact your TD Global Investment Solutions Relationship Manager.

^{本文所包含的資訊僅供參考。內容乃出自可靠之來源匯編而成。本文並不提供任何財務、法律、稅務或投資建議。衡量個別投資、稅務或交易策略時，應考慮個別人士的目標和風險承受能力。本文檔中的部分陳述可能包含預測性的前瞻性陳述（「FLS」），其中包含「預計」、「預期」、「打算」、「認為」、「估計」和類似的前瞻性表述或其否定形式。前瞻性陳述基於當前對未來普遍的經濟、政治、相關市場因素（例如利率和匯率、股票和資本市場）以及普遍經營環境的預計和預測，並假定不發生稅法或其他法律或政府管制方面的任何變動或災難事件。對於未來事件的預計和預測本身受無法預見的風險和不確定性的影響。此等預計和預測可能在未來並不準確。前瞻性陳述不是對未來表現的保證。實際發生的事件可能與前瞻性陳述明示或暗示的事件存在實質差異。包括上文所述各項因素在內的多個重要因素均可能造成這種背離。您不應在任何程度上依賴於前瞻性陳述。TD全球投資方案代表道明資產管理有限公司 （簡稱「TDAM」） 和Epoch Investment Partners， Inc. （簡稱「TD Epoch」）。 TDAM and TD Epoch are affiliates and wholly-owned subsidiaries of The Toronto-Dominion Bank. ® The TD logo and other TD trademarks are the property of The Toronto-Dominion Bank or its subsidiaries.}