CC&L Core Income & Growth Strategy

Highlights

  • Diversified across three major income and growth oriented asset classes
  • Tax-efficient income stream that is attractive and sustainable
  • Conservative Growth: Focused on adding value, mindful of capital preservation
  • Limits exposure to commodities to reduce volatility
  • Deep, experienced institutional investment management team

Objectives

  • Cash Flow: Provide tax-efficient, sustainable yield
  • Capital Preservation: Preserve principal in market fluctuations
  • Growth: Strive to grow capital faster than inflation

Investment Philosophy & Process

  • Markets regularly deviate from fundamentals
  • Top-down macro forecasting of key factors that drive bond market returns
  • Bottom-up fundamental research to accurately determine default risk
  • Opportunity exists when issues with low default risk are attractively valued
  • A value-oriented, long-term theme-driven approach, together with a deep understanding of risk, enables Baker Gilmore to generate superior returns while avoiding credit downgrades and defaults

Portfolio Construction & Risk Controls

  • Disciplined, conservative process that strives to deliver:
    • Stable cash flows
    • Good participation in “up” markets
    • Protection of capital in “down” markets
  • Combines fundamental equity research and credit analysis:
    • Covering numerous operating, competitive and market factors
  • Top-down strategy factors drive portfolio modeling and sector strategies:
    • Macroeconomic themes, sector outlooks, sector valuations
    • Multiple asset classes offer greater opportunities to add value and diversification
  • Bottom-up security selection focused on:
    • Sustainable, distributable cash flow
    • Capital preservation
    • Quality of management

Portfolio Manager

Connor, Clark & Lunn Investment Management Ltd. was founded in 1982 and has grown to become one of Canada’s largest independent and privately owned investment management firms. CC&L’s multi-disciplined portfolio management teams collectively manage approximately $96 billion in equities, fixed income and alternative mandates for individual and institutional investors.

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