Our investment philosophy is driven by the conviction that an active or tactical investment strategy will outperform a passive or “buy and hold” strategy.
In our portfolios, we apply a rigorous screening and research process in selecting securities; carefully monitoring positions to ensure that we are able to capture opportunities and avoid risks as they emerge.
All portfolios are constructed with a global perspective in mind to identify long-term investment themes and trends to drive portfolio performance.
Our sell disciplines are triggered by deteriorating company fundamentals, negative corporate earnings surprises or specified stop loss limits.
We focus on an active growth-bias investment style combining macroeconomic (top-down), quantitative (bottom-up) and technical analysis.
Favourable equity sectors, themes and trends are identified from a macroeconomic or top-down approach. Quantitative or bottom-up research is subsequently used to find stocks that fit into these macro opportunities. Technical analysis is then applied to provide specific pricing opportunities. Our equity sell discipline is triggered by deteriorating company fundamentals, negative corporate earnings surprises or specified stop loss limits. For fixed income investing, we implement a strategy of interest rate anticipation, drawing on credit cycle/spread analysis to identify opportunities and risks.
We maintain a proprietary quantitative ranking system that screens companies for positive earnings growth, positive earnings surprises, favourable earnings revisions, reasonable valuations and relative strength. Quantitative screening is conducted on a continuous basis to measure and rank over 3000 North American stocks. External research databases include Bloomberg L.P., S&P Capital IQ and Thomson Reuters.