CC&L Group Equity
Investment objective
- Construct a portfolio of primarily income-oriented equity instruments focused on maximizing the long-term total return while generating a portfolio yield in excess of that of the S&P/TSX Composite Index.
- Maintain total risk below that of the S&P/TSX Composite Index over long-term periods.
Highlights
- Core approach. Diversified and carefully risk managed.
- Fundamental, bottom-up security selection.
- Proprietary company database.
- Integrates US securities to increase diversification.
- ESG considerations integrated into the strategy.
Investment Philosophy
- Macroeconomic themes influence markets over longer term.
- Opportunities exist when fundamentals vary from consensus expectations.
- Price attractiveness and valuation are key.
- Risk management is an integral component of process.
Investment Process
- Disciplined, conservative process: Investment process that strives to deliver protection of capital in “down” markets, good participation in “up” markets, and stable cash flows.
- Fundamental ranking system: Universe focused on yield-oriented securities 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 sell-side research analysts, customers and competitors.
- Strategic outlook: Each business evaluated in context of its industry and competitive environment.
- Target prices: Price targets established and reviewed weekly to ensure consistent application of buy and sell discipline.
- Top-down overlay: Historical and current valuations and macroeconomic factors shape sector overweight or underweight decisions.
Portfolio Conustruction & Risk Management
- The portfolio generally holds dividend paying equities, REITs, income trusts and preferred shares with positive total relative return prospects and the team’s highest target returns.
- Fundamental analysis assesses business risk, liquidity and valuation risk.
- Portfolio construction strikes a balance between securities with dividend growth and high and sustainable yield.
- Risk management is part of the investment process, not an afterthought.
- 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
Director & Portfolio Manager,
Head of Client Solutions
Tel: +1 (604) 685-2020
Email: [email protected]
Brent Wilkins
Senior Vice President,
Head of Institutional Sales, Canada
Tel: +1 (416) 364-5396
Email: [email protected]
For additional information on Connor, Clark & Lunn Investment Management, please contact:
Brent Wilkins
Senior Vice President,
Head of Institutional Sales, Canada
Eric Hasenauer
Senior Vice President, Co-Head of
Institutional Sales, USA
John Ricketts
Senior Vice President, Co-Head of
Institutional Sales, USA
Phil Cotterill
Director & Portfolio Manager,
Head of Client Solutions
Please take the time to carefully read the following as it contains important information regarding certain restrictions imposed by statute and the applicable securities regulatory authorities on the distribution of information through this website.
Material presented on this website should be considered for background information only and should not be construed as investment or financial advice. Further, information on this website should not be construed as an offer or solicitation by the Connor, Clark & Lunn group of companies to provide investment management services or to buy or sell any products.
The Connor, Clark & Lunn Investment Management (CC&L) website may contain hyperlinks to websites operated by parties other than CC&L. Such hyperlinks are provided for your reference only. CC&L does not control such websites and is not responsible for their contents. The inclusion by CC&L of hyperlinks to other websites does not imply any approval or endorsement of the material on such websites or any association with their operators.
The Connor, Clark & Lunn group of companies includes a number of entities that may be registered as investment advisers, investment fund managers and exempt market dealers in various provinces and territories of Canada. A number of entities are also registered with the Unites States Securities and Exchange Commission as advisers in that country and the Connor, Clark & Lunn group of companies also includes a number of investment advisers and fund managers that are authorized and regulated by the Financial Conduct Authority in the United Kingdom. The information provided on this website regarding each entity is directed solely towards qualified investors in jurisdictions where the appropriate entity is registered. Services offered by any of the entities in the Connor, Clark & Lunn group of companies are offered solely to qualified residents of the jurisdictions where the entities are qualified to do business.
Certain securities regulations prohibit the publication of specific registration information about the registered entities in the Connor, Clark & Lunn group of companies. For more information, please contact the Connor, Clark & Lunn Compliance Department at [email protected] or 604-685-2020.
CC&L Investment Management Ltd.
September 21st, 2022