Greystone’s Short-term investment products seek superior returns (current income and capital appreciation) by investing in Canadian short-term fixed income securities.
We invest in a diversified portfolio of Canadian short-term fixed income securities. Portfolios are actively managed and seek to enhance total returns and control risks. We place a heavy emphasis on liquidity and capital security.
To meet the superior short-term total return objective, portfolio management focuses on anticipating the level and shape of the of the Canadian interest rate curve out to one year.
Key elements of this strategy include managing the portfolio’s duration relative to the benchmark and adjusting the portfolio’s sector mix.
The strategy always maintains a high level of liquidity. The maturity of any single investment will not exceed 365 days.
We invest in government bonds (federal, provincial and municipal), debentures issued by Canadian corporations including, asset backed securities (ABS), short-term bonds, repurchase agreements and floating rate securities of approved Canadian issuers. Bonds and notes denominated in $Cdn issued by non-Canadian issuers are permitted; however, we do not invest in foreign currency obligations.
Our short-term strategy is available through a pooled fund as well as a segregated portfolio.