Investment Strategies

We manage all investment strategies in-house and have a closely-knit, highly collaborative research team that is linked by a firm-wide investment approach. This allows us to share ideas amongst our various investment teams which strengthens our investment perspective and helps us to make good investment decisions.

  • International Equity

    Objective

    Better than market rates of return with lower than market levels of financial risk over economic cycles. The MSCI EAFE index is used as a benchmark for both returns and standard deviation.

    Portfolio Managers

    • Ragan David
      David Ragan
      CFA, Director, Portfolio Manager
      Read Bio

    • Lampert Peter
      Peter Lampert
      CFA, Portfolio Manager
      Read Bio

    Profile

    • Managed in-house since 1987
    • Provides investment in some of the world's top non-North American companies across all capitalization ranges
    • A broadly diversified portfolio of wealth-creating companies, with excellent management teams, bought at a discount to their intrinsic value
    • Portfolios hold between 50 and 70 companies
    • "Quality at the right price" investment style
    • International Equity Fund profile

    Need More Information?

    If you wish to receive detailed information about this strategy, please e-mail us at info@mawer.com.

  • U.S. Equity

    Objective

    Better than market rates of return with lower than market levels of financial risk over economic cycles. The S&P 500 index is used as a benchmark for both returns and standard deviation.

    Portfolio Managers

    • Witcher Grayson

      Grayson Witcher
      CFA, Portfolio Manager
      Read Bio

    • Colin Wong

      Colin Wong
      CFA, Portfolio Manager
      Read Bio

    Profile

    • Managed in-house by Mawer since 1992
    • Provides investment in common shares of  U.S. companies across all capitalizations
    • A broadly diversified portfolio of wealth-creating companies, with excellent management teams, bought at a discount to their intrinsic value
    • Portfolios hold between 30 and 60 companies across at least 7 of 10 (GIC) industry sectors
    • "Quality at the right price" investment style
    • U.S. Equity Fund profile

    Need More Information?

    If you wish to receive detailed information about this strategy, please e-mail us at info@mawer.com.

  • Global Equity

    Objective

    Better than market rates of return at lower than market levels of risk. The MSCI World Index is generally used as a benchmark for both returns and standard deviation.

    Portfolio Managers

    • Moroz Paul
      Paul Moroz
      CFA, Deputy Chief Investment Officer
      Read Bio

    • Hall Jim
      Jim Hall
      CFA, Chief Investment Officer
      Read Bio

    • Christian Deckart
      Christian Deckart
      CFA, Ph.D, Portfolio Manager
      Read Bio

    Profile

    • Managed in-house by Mawer since 2009
    • Provides investment in common shares of Global companies across all capitalizations
    • A broadly diversified portfolio of wealth-creating companies, with excellent management teams, bought at a discount to their intrinsic value
    • Portfolios hold between 50 and 80 companies
    • "Quality at the right price" investment style
    • Global Equity Fund profile

    Need More Information?

    If you wish to receive detailed information about this strategy, please e-mail us at info@mawer.com.

  • Global Small Cap Equity

    Objective

    Better than market rates of return at lower than market levels of risk. The Russell Global Small Cap Index and MSCI World Index are used as benchmarks.

    Portfolio Managers

    • Moroz Paul
      Paul Moroz
      CFA, Deputy Chief Investment Officer
      Read Bio

    • Christian Deckart
      Christian Deckart
      CFA, Ph.D, Portfolio Manager
      Read Bio

    Profile

    • Managed in-house by Mawer since 2007
    • Provides investment in common shares of smaller companies around the world, with a maximum of $3 billion USD capitalization or float at time of purchase
    • An opportunity to find underfollowed, out-of-favour companies and add value
    • A broadly diversified portfolio of wealth-creating companies, with excellent management teams, bought at a discount to their intrinsic value
    • Portfolios hold between 50 and 100 companies
    • "Quality at the right price" investment style
    • Global Small Cap Equity Fund profile

    Need More Information?

    If you wish to receive detailed information about this strategy, please e-mail us at info@mawer.com.

  • Large Cap Canadian Equity

    Objective

    Better than market rates of return at lower than market levels of risk. The S&P/TSX Composite Index is generally used as a benchmark for both returns and standard deviation.

    Portfolio Managers

    • Hall Jim
      Jim Hall
      CFA, Chief Investment Officer
      Read Bio

    • Viswanathan Vijay
      Vijay Viswanathan
      MBA, CFA, Director of Research
      Read Bio

    Profile

    • Managed in-house by Mawer since 1991
    • Provides investment in common shares of Canadian companies with a minimum of $500 million capitalization
    • Creation of a broadly diversified portfolio of wealth-creating companies, with excellent management teams, bought at a discount to their intrinsic value
    • Portfolios hold between 30 and 50 companies
    • "Quality at the right price" investment style
    • Canadian Equity Fund profile

    Need More Information?

    If you wish to receive detailed information about this strategy, please e-mail us at info@mawer.com.

  • Small Cap Canadian Equity

    NOTE:  This strategy is capped to new investors

    Objective

    Better than market rates of return at lower than market levels of risk. The BMO Nesbitt Burns Small Cap Index is generally used as a benchmark for both return and standard deviation.

    Portfolio Manager

    • Mo Jeff
      Jeff Mo
      CFA, Portfolio Manager
      Read Bio

    Profile

    • Managed in-house by Mawer since June, 1988
    • Provides investment in equity-related securities, primarily common shares, of Canadian companies, focusing on smaller companies with a market capitalization or market float of less than 0.075% of the total market capitalization of the S&P/TSX Composite Index at the time of initial purchase
    • A broadly diversified portfolio of wealth-creating companies, with excellent management teams, bought at a discount to their intrinsic value
    • Portfolios hold between 40 and 60 companies
    • An opportunity to find underfollowed, out-of-favour, wealth-creating companies and add value
    • "Quality at the right price" investment style
    • New Canada Fund profile

    Need More Information?

    If you wish to receive detailed information about this strategy, please e-mail us at info@mawer.com.

  • Balanced

    Objective

    Better than average returns with lower than average levels of risk over full economic cycles.

    Portfolio Manager

    • Peterson Greg
      Greg Peterson
      CFA, Director, Portfolio Manager
      Read Bio

    Profile

    • Managed in-house by Mawer since February 1988
    • Discretionary Balanced management for all types of mandates
    • The Fund invests in Canadian, U.S., and international equities as well as bonds and debentures of Canadian government and corporate issues primarily through funds managed by Mawer
    • The Manager’s traditional equity approach of systematically buying wealth creating companies at a discount to intrinsic value is used to construct the equity part of the portfolio
    • The fixed income part of the portfolio follows our traditional fixed income approach of focusing on sector allocation, security selection, and trading strategies
    • For asset mix, the Manager analyzes which combination of asset classes is most likely to offer the most attractive risk/return characteristics within a medium to long-term time frame, and carries out asset mix changes gradually to reduce risk
    • Balanced Fund profile

    Need More Information?

    If you wish to receive detailed information about this strategy, please e-mail us at info@mawer.com.

  • Tax Effective Balanced

     

    Objective

    Better than average returns with lower than average levels of risk over full economic cycles.

    Portfolio Managers

    • Senyk Craig
      Craig Senyk
      CFA, Director, Portfolio Manager
      Read Bio

    • Goldfeldt-Travis
      Travis Goldfeldt
      CFA, Institutional Portfolio Manager
      Read Bio

    Profile

    • Managed in-house by Mawer since January 1988
    • Discretionary Balanced management for taxable mandates
    • The fund may invest up to all of its assets in equity and equity-related securities, treasury bills, short-term notes, debentures and bonds from Canadian, US and international issuers or in other funds managed by Mawer
    • The Manager’s traditional equity approach of systematically buying wealth creating companies at a discount to intrinsic value is used to construct the equity part of the portfolio
    • The fixed income part of the portfolio follows our traditional fixed income approach of focusing on sector allocation, security selection, and trading strategies
    • For asset mix, the Manager analyzes which combination of asset classes is most likely to offer the most attractive risk/return characteristics within a medium to long-term time frame, and carries out asset mix changes gradually to reduce risk
    • The manager minimizes taxes through the application of a tax overlay strategy, with the objective to minimize taxable distributions

    TEAM Strategy

    • Our management of taxable accounts begins by applying a tax management strategy that overlays our security selection processes. You cannot have a high after-tax return without a high pre-tax return. Therefore, the security selection decision for all accounts is made free from tax considerations. We do not believe tax consequences affect the valuations of the companies we own, so for taxable accounts, we have an independent portfolio manager review every trade and monitor every taxable account on an after-tax basis.
    • In addition to the continuous tracking of realized gains for every taxable client, our TEAM managers also look for tax-effective trading opportunities.
    • TEAM is not only about minimizing current tax consequences; it is also about minimizing future tax consequences. Our TEAM philosophy attempts to manage this inevitable future tax liability by intentionally triggering and crystallizing gains in tax years when it makes the most sense for the client and lessening the final tax burden on the account.
    • Tax Effective Balanced Fund profile

    Need More Information?

    If you wish to receive detailed information about this strategy, please e-mail us at info@mawer.com.

  • Global Balanced

    Objective

    Better than average returns with lower than average levels of risk over full economic cycles.

    Portfolio Manager

    • Peterson Greg
      Greg Peterson
      CFA, Director, Portfolio Manager
      Read Bio

    Profile

    • Managed in-house by Mawer since July 2013
    • Discretionary Balanced management for all types of mandates
    • The Fund invests primarily in equity and equity-related securities and fixed-income securities from around the world
    • A bottom up approach is taken to construct this Fund. The equities are chosen on a global basis and are coupled with the stability of investment grade Canadian bonds.
    • Risk is further managed through extensive diversification across many industries, countries, and currencies.
    • Global Balanced Fund profile

    Need More Information?

    If you wish to receive detailed information about this strategy, please e-mail us at info@mawer.com.

  • Global Bonds

    Objective

    The investment objective of the Mawer Global Bond Fund is to preserve purchasing power and wealth on a global basis.  The Manager intends to achieve this objective by investing in investment grade government and government related securities, denominated in local and foreign currencies, anywhere in the world.

    Portfolio Managers

    • Crofts Michael
      James Redpath
      CFA, Portfolio Manager
      Read Bio

    • Crofts Michael
      Michael Crofts
      CFA, Director, Portfolio Manager
      Read Bio

    Profile

    • Managed in-house since the strategy’s inception in 2015
    • Invests in investment grade government and government-related fixed income securities denominated in local and foreign currencies anywhere in the world
    • Objective is to preserve purchasing power and wealth on a global basis therefore the portfolio is broadly diversified around the world with an emphasis on reserve currencies and countries
    • Exploits inefficiently priced areas of the global currency and fixed income markets
    • Flexible duration strategy to manage risk
    • Can reduce volatility in balanced portfolios because currency positions are unhedged and this has historically offered a low correlation to equities

    Need More Information?

    If you wish to receive detailed information about this strategy, please e-mail us at info@mawer.com.

  • Canadian Bonds

    Objective

    Better than market rates of return with lower than market levels of risk over economic cycles. The DEX Universe Bond Index is generally used as a benchmark for both returns and standard deviation.

    Portfolio Managers

    • Crofts Michael
      Michael Crofts
      CFA, Director, Portfolio Manager
      Read Bio

    • Crofts Michael
      James Redpath
      CFA, Portfolio Manager
      Read Bio

    Profile

    • Managed in-house by Mawer since 1991
    • Provides returns from both capital and income primarily from bonds and debentures of Canadian government and corporate issuers
    • Core positions of Government of Canada bonds based on the shape of the yield curve and level of interest rates
    • Enhanced positions of provincial, municipal and corporate bonds to implement security selection and yield spread strategies
    • Exploit inefficiently-priced areas of the fixed income markets to add value
    • Active constrained duration strategy using a flexible blend of sector allocation, security selection and trading strategies to add value
    • Canadian Bond Fund profile

    Need More Information?

    If you wish to receive detailed information about this strategy, please e-mail us at info@mawer.com.

  • Canadian Money Market

    Objective

    Our objective is to preserve capital and earn high current interest income by investing in government and corporate debt instruments maturing in two years or less. Additional constraints are:

    • assets are restricted to Canadian dollar denominations only
    • the average term to maturity will not exceed one year
    • maximum limit of 10% per corporate issue
    • the minimum rating on any security is R1 at the time of purchase

    Portfolio Manager

    • Crofts Michael
      Michael Crofts
      CFA, Director, Portfolio Manager
      Read Bio

    Profile

    • Managed in-house by Mawer since 1988
    • Provides current income through investment in government treasury bills or bonds, bank or trust company certificates of deposit and corporate obligations
    • Approach is based primarily on interest rate anticipation
    • Canadian dollar denominations only
    • Money Market Fund profile

    Need More Information?

    If you wish to receive detailed information about this strategy, please e-mail us at info@mawer.com.

Market Overview

3Q 2016 - Investment Newsletter

Read more