Connor, Clark & Lunn Investment Management home page
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
Our Strategies
Investment Strategies Access detailed information on our full range of strategies
Connecting needs
with solutions

CC&L Group Balanced

Investment Objective

  • Generate returns equal to the return of the benchmark, 25% S&P/TSX Capped Composite Index + 35% MSCI ACWI Index (CAD) (net) + 40% FTSE Canada Universe Bond Index, plus 1% per annum over a market cycle.
  • Maximize long-term total return while prudently managing investment risk relative to the benchmark.


  • Actively managed, diversified portfolio of stocks, bonds and cash.
  • Consistent relative added value with low volatility.
  • Substantial research effort invested in the asset mix decision process.
  • Fundamental, bottom-up security selection.
  • Deep, stable teams with long track records.
  • Both fundamental and quantitative investment techniques.
  • ESG considerations integrated into the strategy.

Investment Philosophy

  • Valuations underpin financial market pricing over longer-term time horizons.
  • A structured and methodical approach to research will lead to better insights.
  • Active asset allocation adds value.
  • The asset mix investment decision-making process should be fundamental and intuitive in nature.

Investment Process

  • Tactical asset allocation: Active asset allocation is an incremental source of added value to the overall portfolio along with alpha generation from fixed income, Canadian equities and global equities. 
  • Disciplined, conservative process: Views on the cyclical environment create an investment thesis that outlines what is expected from financial markets over the forecast horizon and serve as the basis for the forecasting, risk allocation and portfolio construction.
  • Importance of research: Research is undertaken to establish insights for current and future capital markets conditions and is the foundation supporting a forecast.
  • Risk management: Active risks and their comparisons against risk parameters (i.e. constraints) are incorporated into the asset mix process.

Portfolio Construction & Risk Management

  • Portfolio asset mix weights reflect the forecasts and level of conviction for each forecast.
  • Transaction costs are incorporated into the investment decision in establishing best return/risk trade-off. 
  • Each asset class component is managed by a team of specialists.
  • Risk budgeting, the identification and quantification of desired active risks, is assessed at the strategy level and at the total portfolio level.

Contact us





Connor, Clark & Lunn Financial Group home page