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CC&L Market Neutral
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Our Strategies
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Investment Strategies
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Fixed Income
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CC&L High Yield Bond
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Overview
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CC&L High Yield Bond
Investment Strategies
Fixed Income
CC&L Money Market
CC&L Short Term Bond
CC&L Core Bond
CC&L Long Bond
CC&L Corporate Bond
CC&L High Yield Bond
CC&L Universe Bond Alpha Plus
CC&L Long Bond Alpha Plus
CC&L Core Plus Bond
CC&L Ultra Long Bond
Fundamental Equity
CC&L Fundamental Canadian Equity
CC&L Small Cap Canadian Equity
CC&L Equity Income & Growth Plus
Quantitative Equity
CC&L Q Canadian Equity Core
CC&L Q Canadian Equity Growth
CC&L Q International Equity
CC&L Q Global Equity
CC&L Q Emerging Markets Equity
CC&L Q Canadian Equity Extension
CC&L Q US Equity Extension
Balanced
CC&L Enhanced Balanced
Alternative
CC&L Market Neutral
CC&L Q Global Equity Market Neutral
CC&L Multi-Strategy
CC&L All Strategies
Group Retirement
CC&L Group Balanced
CC&L Group Canadian Equity
CC&L Group Canadian Q Growth
CC&L Group Fundamental Canadian Equity
CC&L Group Bond
CC&L Group Income and Growth
CC&L Q Group Global Equity
Overview
More Information
Investment Objective
Seeks to provide income and the opportunity for capital appreciation over the longer term by investing primarily in high-yield bonds or other income producing securities.
Generate returns equal to the return of the benchmark plus 1.25% per annum over a market cycle.
The benchmark will be comprised of the following: 30% Bank of America Merrill Lynch BB US High Yield Index, 30% Bank of America Merrill Lynch BB US High Yield Index (hedged CAD), 30% FTSE Canada Corporate BBB Bond Index and 10% Bank of America Merrill Lynch BB-B Canada High Yield Index.
Highlights
Higher yield than traditional fixed income strategies.
Suitable for de-risking strategies i.e. as an alternative to equity.
Equity-like returns with lower volatility than equities.
ESG considerations integrated into the strategy.
Investment Philosophy
Economic fundamentals drive markets.
Inefficiencies in the high yield bond market create opportunities to add value through active management.
Detailed fundamental research and prudent security selection can lead to attractive risk adjusted returns.
Investment Process
Credit research:
Detailed credit research is used to identify undiscovered opportunities in the high yield debt market.
Investment criteria:
Emphasis is placed on issuers with strong asset coverage, unique business model, sustainable competitive advantage or a compelling restructuring plan. Insights from CC&L’s fundamental equity team supplement fixed income research.
Proprietary corporate security selection:
Each company is assigned a company total return forecast based on bottom-up factors including, but not limited to, a company’s operating profile, quality and incentives of management, and financial profile.
Concentrated portfolio:
Portfolio is focused on highest conviction investment opportunities.
Portfolio Construction & Risk Management
Investment decisions are implemented within a rigorous risk management framework.
Risk exposures are identified and considered at both security and total portfolio levels.
Dedicated trading experts are solely focused on identifying the best implementation strategy.
Robust controls measure and monitor active risk for every client, every day.
Contact us
Vancouver
604-685-2020
Toronto
416-862-2020
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