|CAUTIOUSLY OPTIMISTIC||NORTH AMERICAN - SMALL||_N/A|
Small Caps. Market is feeling there will not be a resolution to the fiscal cliff situation so the market is selling off. From a macro environment, he is really looking at individual names and is getting opportunities with the selloff. Really not so much of a sector selection as it is a company by company choice depending on management, balance sheet, etc. Holding about 8% cash to be able to make purchases when the opportunity arises.
Investment Strategist, Sprott Small Cap Equity