What’s the strategy?
The Core Plus Bond (Portico) portfolio strategy invests in a broad spectrum of government bonds and corporate bonds, with the opportunity to enhance yield by adding high-yield and foreign-denominated bonds when attractive market opportunities arise. This portfolio is designed to be a core Canadian fixed income holding.
The portfolio manager pursues a consistent, measured and disciplined approach to capture incremental gains through a multi-factor approach to analyzing interest rates, credit markets and yield curves. This Canadian-focused bond portfolio is highly diversified by sector, term and issuance, with a focus on outperform the FTSE Canada Universe Bond Index by being nimble enough to optimize yield opportunities, while maintaining prudent diversification to moderate volatility. Within well-defined risk parameters, the portfolio manager has the flexibility to add exposure to high-yield bonds and foreign-denominated bonds in select holdings when attractive market conditions exist.
Why invest in this portfolio strategy?
Ideal for investors seeking a primarily Canadian diversified core fixed income portfolio that’s designed to be responsive to changes in interest rates and various market conditions, while controlling overall risk levels.
The Core Plus Bond (Portico) portfolio strategy can offer:
- A primarily Canadian bond portfolio that is diversified by sector and term with a wide latitude on issuer selection
- Active management of credit risk, duration, yield curve and sector positioning to optimize yield opportunities while mitigating risk
- Opportunity to boost yield by being nimble enough to optimize yield opportunities while maintaining prudent diversification to moderate volatility, including the flexibility to invest in non-investment grade corporate debt and foreign-denominated debt
Data for institutional investors
Vice-President, Fixed Income
Janet is the lead manager for Portico’s Canadian Bond and Core Plus Bond mandates and oversees some of the sector-focused and specialized fixed income portfolios. As a senior portfolio manager within GLC’s fixed income division (Portico Investment Management), she’s also a key member of the GLC Asset Mix Committee.
Joining GLC in 1995, Janet has portfolio management expertise in active and passive fixed-income strategies, including customized mandates for pension plans and financial institutions. Over her 20+ year career in asset management, Janet has worked to expand GLC’s fixed income offering to include specialty and alternative fixed income portfolios and, most recently, foreign bond capabilities. She also helped to develop fixed income portfolio management systems, including offering expertise and insight into the development, testing and implementation of a fixed income attribution tool.
Janet is a CFA charterholder and holds an honours bachelor of mathematics degree from the University of Waterloo.
Benchmark source: Copyright®, FTSE is a trade mark of FTSE International Ltd and is used under license. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); and TSX® is a registered trademark of TSX. Copyright®, MSCI Inc.
Portfolio attributes and rates of return reflect the portfolio strategy used by the London Life segregated fund shelf.
Past performance is no guarantee of future results.
There is no guarantee that investment objectives, or risk or return targets discussed in this material will be achieved. No part of this material may be reproduced or redistributed in any form without express written permission of GLC Asset Management Group Ltd. The data provided is for information purposes only. This material is not intended to be read in isolation and may not provide a full explanation of all the topics that are presented and discussed. Information contained in this material has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. Furthermore, there can be no assurance that any trends described in this material will continue or that forecasts will occur; economic and market conditions change frequently. This material should not be considered a recommendation or offer to purchase or sell any particular investment.