Sprott Sees Assets Doubling as Braces for Bull Market End

Sprott Inc. aims to double its assets to about C$16 billion ($13 billion) in the next three years by adding consumer and technology stocks to legacy gold holdings as the equity bull market nears an end.

While the Canadian money manager is positive on U.S. and European growth, it’s also bracing for volatility as central banks raise interest rates, said John Wilson, chief executive officer of the firm’s asset management unit. He’s invested in more defensive stocks such as Alimentation Couche-Tard Inc. and CGI Group Inc. that are geared towards international growth.