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CC&L Q Global Small Cap

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.


  • Diversified global small cap equity exposures 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 fundamental indicators.
  • Universe covering approximately 18,000 stocks spanning 23 developed and 27 emerging markets.
  • ESG considerations integrated into the strategy.

Investment Philosophy

  • A portfolio of companies exhibiting steady growth and attractive valuations is expected to deliver strong investment returns over the long term.
  • 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.
  • Continuous quantitative evaluation of fundamentals across stocks, industries and countries.
  • Proprietary return forecasts assess investment fundamentals and the opportunities created when these fundamentals change.
  • 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.

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