What's the strategy?
2020 Continuum (PSG) is a target date fund of funds, holding underlying funds that invest in asset classes including Canadian and foreign fixed income, Canadian mortgages, Canadian real estate, and Canadian and foreign equity.
It is constructed to provide strong income, modest growth opportunity, and low volatility, as well as a consideration to inflation protection. The strategy has diversified allocations to both fixed income and equity. The fixed income component includes allocations to government and credit bonds, mortgages, and foreign debt. The equity component is relatively style neutral and has a preference for large cap stocks, although allocations also include some exposure to smaller cap stocks and income-oriented mandates.
The strategy uses a “to retirement” glide path. Each quarter until the retirement date, the fixed income allocation is increased and the equity allocation is decreased as the portfolio shifts along the glide path.
Why invest in this portfolio strategy?
Ideal for investors seeking a diversified portfolio with a targeted retirement date of 2020.
The strategy provides diversification through exposure to multiple asset classes in domestic and foreign markets and multiple active managers.
Investors benefit from active management by the portfolio manager, including changes to underlying fund weights, the removal of an existing underlying fund, or addition of a new underlying fund. The portfolio manager may make changes to the underlying fund mix in line with current forward looking views on a quarterly basis. In addition, investors benefit from the active management of the underlying fund managers. Investors further benefit from automatic rebalancing, ensuring the asset mix stays close to the mandated asset mix.
Vice-President, Portfolio Solutions
As Vice-President, Portfolio Solutions, Susan leads a team of multi-asset investment experts in portfolio construction, research and management and plays a lead role with GLC Global Multi-Asset Strategy team, which oversees all of GLC’s balanced, target-date and target-risk asset allocation fund solutions.
Since 2011, Susan has led the development, portfolio management and rigorous oversight of GLC’s target date and target risk asset allocation funds as head of the Portfolio Solutions Group team. Susan and her team now have expanded roles across all of GLC’s multi-asset solutions, including responsibilities for performance analysis, multi-asset research and glidepath development.
Susan joined the GLC’s predecessor asset management firm in 1996, where she held progressively senior roles in equity management, most notably co-lead manager for GLC’s Canadian Growth equity mandate.
Susan holds an Honours Bachelor of Commerce degree from Queen's University and is a CFA charterholder.
Assistant Vice-President, Portfolio Solutions
As Assistant Vice-President, Brandon is a key member of GLC’s Global Multi-Asset Strategy team, which oversees all of GLC’s balanced, target-date and target-risk asset allocation fund solutions. He plays a lead role in the independent screening, selection, due diligence and monitoring of each investment manager and underlying fund component.
Since 2011, Brandon has played a lead role in portfolio construction, asset management and oversight of GLC’s target date and target risk asset allocation funds as part of the Portfolio Solutions Group team. As part of GLC’s Global Multi-Asset Strategy team, Brandon expands his responsibilities across all of GLC’s multi-asset solutions. Prior to joining GLC, Brandon held increasingly senior investment roles with the Great-West Life group of companies.
Brandon holds an Honours Bachelor of Business Administration degree from Brock University and is a CFA charterholder.