Be Boring. Make Money.™ means ignoring fads and taking a long-term view of investing. It means consistently sticking to a systematic, disciplined, bottom-up investment approach no matter the market outlook. And it means putting the investment odds in our clients' favour by focusing on the things we can control.

As bottom-up, fundamental investors, we seek excellent securities with sustainable competitive advantages, regardless of industry or economic conditions. We believe that by consistently following our investment philosophy and process we can provide investors with above average, long-term, risk-adjusted returns.

Equity Investment Philosophy

Wealth-creating companies

We look for companies that create wealth—companies that earn a return on capital greater than their cost of capital over time by virtue of a sustainable competitive advantage.

Excellent management teams

An excellent management team effectively allocates capital while expanding the company’s competitive advantage. In addition, these teams are consistent: they have a track record of doing what they say they are going to do.

Discount to intrinsic value

We seek to find quality companies that are trading at a discount to their intrinsic value—the price an objective, well-informed, person would pay for the company. This turns a great company into a great investment.

Global Bond Investment Philosophy

Broadly diversified

The portfolio is diversified across many different currencies, countries and yield curves. Considerations include a currency’s and country’s contribution to world GDP and liquidity. Similar to a Central Bank, an emphasis is placed on reserve currencies and countries because they tend to hold their store of value in periods of uncertainty.

Currency and country risk management

Currencies and countries are separated into key risk factors and analyzed in-house in an effort to identify and manage unfavourable characteristics.

Security selection and trading

Within the desired currency and country, securities are selected and actively traded with a focus on positive real returns.

Canadian Bond Investment Philosophy

Sector allocation strategy

We typically overweight those sectors that provide attractive yields relative to Government of Canada bonds. That is, we generally emphasize investment grade corporate, provincial, and municipal bonds.

Security selection strategy

We actively seek attractively priced securities using in-house credit analysis. Managing credit risk is integral to our style as we seek opportunities to pick up yield through security selection without sacrificing credit quality.

Trading strategies

We monitor bond markets in an effort to identify and exploit mispriced securities. In addition to our own research team, we cultivate strong dealer relationships in order to generate investment ideas and effectively execute on them.

Ready to invest?

We offer several ways to invest with based on your level of investment and desired level of advice.

We're here to help.

Phone: +1 (403) 262-4673
Toll-Free: +1 (800) 889-6248

For general mutual fund inquiries:

Toll-Free: +1 (844) 395-0747