Resources

Portfolio Construction

  • October 2018
    As part of his October commentary, Alfred Lam, Senior Vice-President and Chief Investment Officer, Multi-Asset Management, discusses the current market environment and explains that while the portfolios are positioned to optimize returns, they are also built to weather volatility.
  • September 2018
    As part of his September commentary, Marchello Holditch, Vice-President and Portfolio Manager, Multi-Asset Management, discusses considering factor exposures when constructing portfolios. Marchello also explains that exchange-traded funds (ETFs) can be an effective tool to gain exposure to different factors. While they can increase risk if used improperly, factor-based ETFs can be highly useful investment tools for multi-asset portfolio managers when used within a robust asset allocation framework.
  • July 2018
    As part of his July commentary, Marchello Holditch, Vice-President, Multi-Asset Management, explains that since 2010, growth stocks have outperformed value stocks by a large margin. However, if cumulative returns are measured over the past 40 years, value stocks hold the advantage. While investment style fads come and go, disciplined, diversified investing will never go out of style.
  • June 2018
    In this month’s commentary, the Multi-Asset Management team explains that after nearly four decades of declining bond yields, there is a credible case to be made that government bonds, particularly U.S. treasuries, are due for a change of course.
  • March 2018
    As part of his March commentary, Alfred Lam, Senior Vice-President and Chief Investment Officer, Multi-Asset Management, discusses how market sentiments have changed. In February 2018, stock markets experienced more volatility in one month than in all of 2017. The team’s risk overlay strategy added value during the volatility.
  • April 2018
    As part of his April commentary, Yoonjai Shin, Vice-President and Portfolio Manager, Multi-Asset Management, notes that what seemed like a Teflon coat protecting U.S. stocks in 2017 is showing signs of wear and tear as the trend of outsized daily market moves that began in early February persisted into mid-April. Yoonjai explains that through the use of an active risk management process, the team aims to turn uncertainty and volatility into outcomes that skew the odds favourably.
  • December 2017
    As part of his December commentary, Yoonjai Shin, Vice-President and Portfolio Manager, Multi-Asset Management, discusses the optimism regarding recent outstanding equity market returns. Yoonjai also explains the importance of identifying and preparing for risks that may lie below the surface.

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