Investment Objectives
The fundamental investment objective of the Fund is to provide long-term capital appreciation primarily by investing in high-quality, active North American equity market strategies offered by third-party managers.
Investment Strategies
The Manager seeks to achieve the investment objectives of the Fund by investing primarily in Canadian and US equity funds managed by third-party managers. Third-party funds are selected on a risk-adjusted return basis. The Manager seeks to include strategies or sources of returns that are unique and combine them in a thoughtful manner to further enhance diversification. This approach may include purchasing ETFs. The Fund strives to be fully invested, with cash typically at or below 5%.
The Fund invests primarily in third-party funds who invest in Canadian and US securities listed on North American stock exchanges. The Fund may also hold a portion of its assets in third-party funds invested in alternative equity strategies. Exchange-traded funds may be used to gain rapid market exposure, particularly during periods of large cash movements. The Fund may also hold a portion of its assets in cash or short-term money market investments as is determined necessary. The Fund is designed to provide stable, long-term portfolio growth while being sufficiently diversified to mitigate volatility.