What’s the strategy?
The Commercial Mortgage Institutional (Portico) strategy invests primarily in Canadian commercial mortgage investments, with the goal of providing a higher yield over comparably rated public market bonds while providing investment grade credit quality.
This portfolio strategy leverages the expertise and experience within the Great-West Life (GWL) Commercial Mortgage team. The GWL Commercial Mortgage team sources, underwrites and manages the commercial mortgage investments. This highly specialized and experienced team has a long history of investing in Canadian mortgages and has established a strong marketplace reputation and disciplined credit underwriting expertise. The Portico Investment Management team offers capital market expertise, portfolio management oversight and liquidity management. Both portfolio managers pursue tested and strongly vetted processes within a culture of strong risk management.
Why invest in this portfolio strategy?
Ideal for institutional investors seeking additional yield compensation without significant increase in credit risk versus comparable quality public bonds (e.g. credit metric deterioration, default risk).
This unique commercial mortgage strategy is a good complement to traditional bond investments and offers:
- Greater diversification through access to borrowers not typically available in public markets
- Access to longer-term mortgage deals
- Access to highly specialized and experienced portfolio management.
Vice-President, Fixed Income
Dale shares leadership responsibility for GLC’s Portico Investment Management division, which oversees more than $18 billion* of fixed-income assets under management within bond, mortgage and money market portfolios.
As lead manager for the Core Bond portfolio strategy, Dale heads up the portfolio management of the largest Canadian bond segregated fund in Canada.* He also oversees some of Portico's sector-focused and specialized fixed income portfolios.
Dale has more than 25 years of investment experience, including direct portfolio management responsibilities for active and passive fixed income strategies.
He holds a Chartered Investment Manager designation as well as an honours bachelor of business administration degree in finance from Brock University.
* Source: London Life Core Bond Fund, Morningstar, June 30, 2017
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This portfolio strategy is available for the institutional investor through our relationship with the institutional investment solutions team, a division of Great-West Life Group Retirement Services.
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