Quantitative “Q”
Highlights
- Diversified Global and Canadian Equity Strategies managed within a proprietary quantitative return, risk and portfolio construction framework.
- Fully integrated global model employing systematic evaluation of countries, industries and stocks using a broad array of proprietary indicators.
- Universe covering approximately 18,000 stocks spanning 23 developed and 27 emerging markets.
- ESG considerations integrated into the strategy.
Investment philosophy
- Multiple sources of added value based on the systematic evaluation of company fundamentals as well as opportunities created by mispricings.
- The investment process must be rigorous, objective and applied with consistency and discipline.
- Research must be driven by a strong synergistic relationship between three key elements: investment fundamentals, quantitative theory and empirical evidence.
Investment process
- Continuous quantitative evaluation of fundamentals across stocks, industries and countries.
- Proprietary return forecasts assess investment fundamentals and the opportunities created when prices do not reflect these fundamentals.
- Proprietary risk model assesses systematic influences and stock-specific characteristics and events.
- Portfolio construction seeks to optimize risk and return with consideration of transaction costs.
- Daily evaluation and portfolio rebalancing ensures portfolios respond to new fundamental and pricing information on a timely basis.
- Strict position limits.
Risk disclosure
- Investors should be aware of the material risks of CC&L’s Quantitative Equity strategies, which may include, but are not limited to, concentration, counterparty, currency, emerging markets, equity, leverage, market, performance and small company risk. For more information on the material risks of each investment strategy, please contact CC&L.
Our quantitative equity strategies
CC&L Q Canadian Equity Core
Investment Objective
Generate returns equal to the return of the benchmark, S&P/TSX Composite Index, plus 2% per annum over a market cycle.
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
CC&L Q Canadian Equity Growth
Investment Objective
Generate returns equal to the return of the benchmark, S&P/TSX Composite Index, plus 2% per annum over a market cycle.
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
CC&L Q International Equity
Investment Objective
Generate returns equal to the return of the benchmark, MSCI ACWI ex USA Index (CAD) (net), plus 2.5% per annum over a market cycle.
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
CCL Q International Small Cap Equity
Investment Objective
Generate returns equal to the return of the benchmark, MSCI ACWI ex USA Small Cap Index (CAD) (net), plus 3.0% per annum over a market cycle.
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
CC&L Q Global Equity
Investment Objective
Generate returns equal to the return of the benchmark, MSCI ACWI Index (CAD) (net), plus 2.0% per annum over a market cycle.
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
CC&L Q Global Small Cap Equity
Investment Objective
Generate returns equal to the return of the benchmark, MSCI ACWI Small Cap Index (CAD) (net), plus 3.0% per annum over a market cycle.
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
CC&L Q Emerging Markets Equity
Investment Objective
Generate returns equal to the return of the benchmark, MSCI Emerging Markets Index (CAD) (net), plus 3% per annum over a market cycle.
Maximize long-term return while prudently managing investment risk relative to the benchmark.
CC&L Q Canadian Equity Extension
Investment Objective
Generate gross of fees returns equal to the return of the benchmark, S&P/TSX Composite, plus 5.0% per annum over a market cycle.
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
CC&L Q US Equity Extension
Investment Objective
Generate gross of fees returns equal to the return of the S&P 500 Index (CAD) (net) (the ‘benchmark’), plus 4.5% per annum over a market cycle.
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
CC&L Q Global Equity Extension
Investment Objective
Generate gross of fees returns equal to the return of the MSCI ACWI (CAD) (net) (the ‘Benchmark’), plus 5.5% per annum over a market cycle.
Maximize long-term total return while prudently managing investment risk relative to the benchmark.
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]
John Ricketts
Senior Vice President, Co-Head of
Institutional Sales, USA
Tel: +1 (203) 615-4847
Email: [email protected]
Eric Hasenauer
Senior Vice President, Co-Head of
Institutional Sales, USA
Tel: +1 (917) 945-0960
Email: [email protected]
Carlos Stelin
Director of Institutional Sales, Europe
Tel: +44 (0)203 535 8107
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
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CC&L Investment Management Ltd.
September 8th, 2022