Strategy Overview
Strategy Description
The Money Market Core strategy is managed using a top-down framework, that combines macroeconomic analysis, interest rate outlook, and sector allocation to preserve capital and optimize yield within a low-risk environment.
Investment decisions are driven by comprehensive credit research and market due diligence to identify high-quality issuers and capture credit and liquidity premiums through active management aligned with each strategy’s benchmark and liquidity objectives, while uncovering relative-value opportunities across the money market and short-term fixed-income universe. The strategy aims to provide current income and daily liquidity, with a continued focus on capital stability.
Key Differentiators
- Top-down approach to access market trends and interest rate anticipation
- Market Due-diligence and tailored solution to provide the best yield for our clients
- One of the only T+0 Money Market Fund available on the market
Highlights
- Inception Date
- January 1, 2004
- Assets Under Management ($M)
- $1,515 (As of March 31, 2026)
- Price
- $10.0000 (As of June 26, 2026)
- Last Distribution Paid ($)
- $0.0022 (June 26, 2026)
- Currency
- CAD
- Process
- Top-down and tactical, short-term transactions
- Benchmark Index
- FTSE Canada 91 Day Treasury Bill Index
- Benchmark Index
- Maximum of 2 years
- Minimum Credit Rating
- R1 Low
Performance
Performance Per Period (%)
| Q1 2026 | YTD - 2026 | 1 Y | 3 Y | 5 Y | 10 Y | SI | |
|---|---|---|---|---|---|---|---|
| Money Market Core Strategy | 0.59 | 0.59 | 2.80 | 4.25 | 3.23 | 2.30 | 2.19 |
| FTSE Canada 91 Day T-Bill Index | 0.51 | 0.51 | 2.52 | 3.95 | 2.98 | 1.97 | 1.89 |
| Value Added | 0.08 | 0.08 | 0.28 | 0.30 | 0.25 | 0.33 | 0.30 |
| Money Market Core Strategy | 0.59 |
|---|---|
| FTSE Canada 91 Day T-Bill Index | 0.51 |
| Value Added | 0.08 |
| Money Market Core Strategy | 0.59 |
|---|---|
| FTSE Canada 91 Day T-Bill Index | 0.51 |
| Value Added | 0.08 |
| Money Market Core Strategy | 2.80 |
|---|---|
| FTSE Canada 91 Day T-Bill Index | 2.52 |
| Value Added | 0.28 |
| Money Market Core Strategy | 4.25 |
|---|---|
| FTSE Canada 91 Day T-Bill Index | 3.95 |
| Value Added | 0.30 |
| Money Market Core Strategy | 3.23 |
|---|---|
| FTSE Canada 91 Day T-Bill Index | 2.98 |
| Value Added | 0.25 |
| Money Market Core Strategy | 2.30 |
|---|---|
| FTSE Canada 91 Day T-Bill Index | 1.97 |
| Value Added | 0.33 |
| Money Market Core Strategy | 2.19 |
|---|---|
| FTSE Canada 91 Day T-Bill Index | 1.89 |
| Value Added | 0.30 |
Past performance is not a guarantee or indicator of future results. Inherent in any investment is the risk of loss.
Composite performance, gross of management fees.
Performance returns are annualized for periods of 1 year and up.
Investment Team
The Currency & Liquidity Management team is a specialized investment and execution platform focused on liquidity management, currency overlay, financing, and derivatives solutions across Fiera Capital’s public and private market strategies. Bringing together experienced professionals in portfolio management, trading, and risk management, the team supports the efficient execution and oversight of FX hedging, money market strategies, repos, and financing activities across global markets.
With deep industry experience spanning multiple market cycles, the team combines institutional trading expertise with a disciplined and collaborative risk management culture to deliver strategic and customized solutions for investment teams and institutional clients.
They are supported by two senior analysts.
Additional Strategy
Managed by the Team
Documents
Important Disclosures
Nothing on this website should be viewed as a recommendation, offer or solicitation to buy or sell any security or investment and does not constitute investment, legal, tax or accounting advice. Services are offered only to qualified investors and only in accordance with applicable laws and regulations in each relevant jurisdiction. Information is believed to be accurate as of the publication date but may change without notice; no warranty is provided, and Fiera Capital and its affiliates disclaim liability for its use.
Past performance is not a guarantee of future results. Inherent in any investment is the potential for loss. Target returns are aspirational, forward-looking and do not represent actual performance. There is no guarantee that such performance will be achieved, and actual results may vary substantially. Metrics (e.g., exposures, ratios, characteristics) are for reference only and may not capture all relevant factors. Different metrics may lead to materially different conclusions; Any specific holdings mentioned are for illustration only, and may not represent the full portfolio, past holdings, or future positions. Indices are unmanaged, not investable, and do not reflect fees or expenses. Index comparisons are provided for context and portfolio holdings may differ significantly from those of any index; All investment strategies involve risks, including market, economic, financial, operational, liquidity, valuation, and regulatory risks. Certain strategies may use leverage, derivatives, or concentrated exposures, which can increase volatility and risk of loss; No strategy, diversification approach, or risk management technique can eliminate risk, or guarantee returns in all market environments; Investors should review relevant governing documents and consult their own advisers before making investment decisions.
Environmental, social, governance (“ESG”) or impact related goals, commitments, or initiatives referenced on this website are voluntary, may not apply uniformly across strategies, and may be modified or discontinued at Fiera Capital’s discretion. ESG-related processes do not guarantee any specific investment outcome.