Strategy Overview

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

Disclaimer

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.