Integrated Fixed Income – Short/Mid-Term

Investment approach

Through a combination of top-down and bottom-up analysis, with an emphasis on credit research, this strategy focuses on capital preservation within a risk-controlled environment. The management team uses the anticipation of economic cycles and themes combined with a strong focus on credit spread and aims to improve the risk/return profile of Canadian Universe portfolios by structuring a lower duration portfolio focused on corporate and provincial sectors in order to generate a superior yield. The flexible multi-strategy approach is designed to add value to market returns primarily through interest rate anticipation, yield curve strategies and sector and securities selection, all while applying an ethical filter in the selection of high quality bonds.

Key Characteristics

  • Experienced fixed income team working together for close to 20 years with specialized credit sector responsibilities
  • Flexible multi-strategy approach with an emphasis on credit research and issuer selection to reduce risk
  • Reduced exposure to interest rate risk by having a lower duration than more traditional benchmarks, given the prospect of an eventual increase in interest rate
  • The portfolio’s bias towards yield-generating securities represents a compelling tool in low or rising interest rate environments
  • Focus on combining consistent returns and maintaining an attractive current yield within an active risk management style