Investment Process

When building a balanced portfolio, we follow a disciplined four-point process:

1. Using the latest data — economic and market — we review recent performance and forecast potential rates of return for each asset class.
2. Based on this assessment, we adjust our model portfolio to achieve the optimal asset mix.
3. We then tailor a portfolio for each client or pooled fund according to its investment policy and specific risk parameters. We make tactical decisions weekly or even daily if needed. At our Monday General Meeting, all professionals review economic and market developments, discuss client issues, examine portfolio decisions and debate proposed investment activities. Daily market-review meetings also offer the opportunity to flag breaking developments – in general and at the client level.
4. Our asset class teams implement the asset mix decision from the bottom-up, using public and proprietary research, personal knowledge and a disciplined process for trading individual securities. The process is noteworthy for its consistency – we apply our decisions uniformly among clients with similar objectives, policies and risk tolerances.

Please refer to the underlying asset classes for detailed descriptions of the investment processes applied in those areas.

• Canadian equity
• U.S. equity
• EAFE equity
• Real estate
• Fixed income
• Mortgages

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