CC&L Group
Canadian Equity

Investment objective

  • Generate returns equal to the return of the benchmark, S&P/TSX Capped Composite Index, plus 2% per annum over a market cycle.
  • Maximize long-term total return while prudently managing investment risk relative to the benchmark.


  • Core approach. Diversified and carefully risk managed.
  • All-cap. Full universe of opportunities.
  • Fundamental, bottom-up security selection.
  • Proprietary database covering 400+ stocks.
  • Deep, stable team with long track record.
  • ESG considerations integrated into the strategy.

Investment philosophy

  • Macroeconomic themes influence markets over longer term.
  • Opportunities exist when fundamentals vary from consensus expectations.
  • All capitalization coverage maximizes breadth of opportunities.
  • Disciplined fundamental approach is basis of security selection.
  • Price attractiveness and valuations are key.
  • Risk management is an integral component of process.

Investment process

  • Fundamental ranking system: Universe ranked on key factors including financial and management strength, profitability, growth and price attractiveness.
  • Independent bottom-up research: Understanding companies’ business models and long-term operating strategies.
  • Management interviews: Confidence gauged through management interviews, on-site visits and discussions with customers and competitors.
  • Strategic outlook: Each business evaluated in context of its industry and competitive environment.
  • Target prices: Price targets established and reviewed regularly to ensure consistent application of buy and sell disciplines.
  • Top-down overlay: Historical and current valuations and macroeconomic factors shape sector overweight or underweight decisions.

Portfolio construction &
risk management

  • Portfolio is weighted toward stocks with the greatest upside potential.
  • Fundamental analysis assesses business risk, liquidity and valuation risk.
  • Risk management is part of the investment process, not an afterthought.
  • Proprietary risk models are calibrated to each client’s objectives.
  • There are strict position limits on individual security weights.

Our group retirement solutions

Investment Objectives Disclosure


The Strategy’s investment objectives are targets only. Actual performance may differ materially,
including due to market or economic factors, portfolio management decisions, modelling error,
or other reasons. In determining the added value targets, CC&L may consider the Strategy’s performance
during historical periods, the level of estimated risk over a market cycle as well as the parameters used in
the Strategy’s portfolio construction process.

For more information about services available to you as a
CC&L Investment Management client, please contact:

Phil Cotterill.

Phil Cotterill

Director & Portfolio Manager,
Head of Client Solutions

Download V-Card
Brent Wilkins.

Brent Wilkins

Senior Vice President,
Head of Institutional Sales, Canada

Download V-Card


CC&L Investment Management Ltd.
September 8th, 2022