Connor, Clark & Lunn Investment Management home
Who We Are
 
 
 
About Us An overview of our organization
History Historical time line of CC&L Investment Management
People Team structure, personnel and biographies
Corporate Brochure Access our corporate brochure
CC&L in the Community CC&L’s involvement with charitable and professional organizations
Affiliated Companies Access our affiliates
What We Do
 
 
 
Expertise Information about our experience and capabilities
Investment Approach Our approach to investment management, research, opportunities and risk
Investment Strategies Details about the investment services we offer
Client Services Our approach and commitment to servicing our clients
Responsible Investing Our approach to Responsible Investing
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CC&L Corporate Bond

Investment Objective

  • Generate returns equal to the return of the benchmark, FTSE TMX Canada All Corporate Bond Index, plus 0.75% per annum over a market cycle.
  • Maximize long-term total return while prudently managing investment risk relative to the benchmark.

Highlights

  • Well defined, portable, fundamentally based process with multiple sources of added value.
  • Proprietary risk modeling incorporating both risk and return in assessing opportunities.
  • Responsive credit process based on spread forecast.
  • Greater focus on absolute returns and more freedom to deviate from the benchmark.
  • Proven team based approach enhanced by unique skills and insights from other CC&L teams.

Investment Philosophy

  • Economic fundamentals drive markets.
  • Better decisions result when fundamental information is validated through research that proves the link between the data and movements in the market.
  • Research is conducted continuously in order to allow the process to evolve with capital markets.
  • Process diversification yields positive risk-adjusted relative returns.
  • Risk management is fundamentally based and supported by quantitative tools.

Investment Process

  • Top-down, fundamentally based approach: In-depth economically driven macro analysis that follows a disciplined research process resulting in interest rate and sector exposures.
  • Robust risk management: Proprietary fundamental process supported by quantitative tools and ongoing dedicated research.
  • Comprehensive credit analysis: Top-down industry analysis combined with bottom-up company research including analysis of operational factors, financial profile and quality of management.
  • Responsive security selection: Spread forecast continuously updated for a wide universe of industries and companies.

Portfolio Construction & Risk Management

  • Portfolio construction divided into three broad areas: domestic and foreign interest rate forecasts, sector allocation and security selection.
  • Proprietary factor based risk model providing granular estimates of all risks across various sources of return which are then aggregated into a measure of overall portfolio risk.
  • Dedicated trading experts whose sole focus is to identify the best implementation strategy. 
  • Robust controls measuring and monitoring active risk for every client, every day.

Contact us

Vancouver

604-685-2020

Toronto

416-862-2020

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