Presentation is loading. Please wait.

Presentation is loading. Please wait.

Best practices for multi-asset class investing Alfred Lam, MBA, CFA, Portfolio Manager, CI Investment Consulting Neal Kerr, Senior Vice-President, CI Product.

Similar presentations


Presentation on theme: "Best practices for multi-asset class investing Alfred Lam, MBA, CFA, Portfolio Manager, CI Investment Consulting Neal Kerr, Senior Vice-President, CI Product."— Presentation transcript:

1 Best practices for multi-asset class investing Alfred Lam, MBA, CFA, Portfolio Manager, CI Investment Consulting Neal Kerr, Senior Vice-President, CI Product Development

2 Agenda CI’s total return equation Multi-manager, multi-asset class – the choice is yours Matching clients needs with CI solutions

3 CI Investment Consulting What do we manage ? CASTLEROCK PORTFOLIOS $15 billion AUM

4 What led to the famous “lost decade” ? From 1991 to 2000: DEX Universe Bond Index return10.4%(10.8% yield to 5.8%) S&P/TSX Composite Index return13.1%(12.5X P/E to 17.8X) S&P 500 Index C$ return20.5%(15.3X P/E to 24.3X) From 2001 to 2010: DEX Universe Bond Index return6.3%(5.8% yield to 3.1%) S&P/TSX Composite Index return6.6%(17.8X P/E to 14.9X) S&P 500 Index C$ return-2.6%(24.3X P/E to 14.9X)

5 What was the client experience ? *60% MSCI World Index C$ and 40% DEX Universe Bond Index P/E expansion FX appreciation P/E compression FX depreciation

6 CI’s total return equation Total return = Asset mix + Alpha + Market beta + Currency - Tax Optimize Maximize Manage Manage/reduceMinimize

7 CI’s solutions – multi-level expertise 1. Asset mix 2. Alpha generation (stock and sector selection)

8 CI’s solutions – multi-level expertise 3. Risk management 4. Tax management Beta management, sector monitoring and rebalancing Currency management On-going monitoring and due diligence

9 CI’s solutions – our value proposition Your own Our target fund-of-funds(in basis points) Asset mix +/- ? +50 Alpha Beta management, sector+0+50 monitoring & rebalancing Currency management Corporate class / T-class Overall

10 Managed solutions: Guided portfolios: Individual strategies from: Use multi-manager, multi-asset class for maximum risk-adjusted returns

11 Managed solutions – our best kept secret Award-winning fund of funds 7 portfolios, 7 managers, 9-20 underlying funds Indirect currency hedging via underlying managers Indirect tax advantages via underlying corporate class Enhanced reporting Fully managed portfolios; or customized allocations 9 portfolios, 8 managers, 4 funds Pure geographic allocations Direct currency overlay program Direct tax advantages via CI Corporate Class T-Class options Enhanced reporting CI Portfolio SeriesCI Portfolio Select Series

12 CI Private Investment Management (PIM) Guided portfolios – more support for the D-I-Y advisor Nine professionally constructed risk-optimized portfolios. Questionnaire designed to establish objectives and constraints. Recommended fund allocations, or Fully customizable. –List of recommended substitutes –Choose from any available fund within asset class. Personalized Investment Policy Statement

13 Multi-asset class Signature High Income Signature Diversified Yield Signature Income & Growth Signature Global Income & Growth Signature Global Advisors

14 Cambridge Advisors Multi-asset class: Cambridge Income, Cambridge Canadian Asset Allocation Brandon Snow Principal Portfolio Manager Alan Radlo Chief Investment Officer Portfolio Manager Robert Swanson Principal Portfolio Manager Emi Winterer Analyst Stephen Groff Analyst Greg Dean Analyst

15 Matching client needs with leading CI solutions AccumulatorIncome Seeker Multi-team, multi-manager Portfolio Series Portfolio Select Series PIM Guided Portfolios Select Income Advantage Managed (“SIA”) PS Income Single team, multi-manager Signature Income & Growth Fund Cambridge Canadian Asset Allocation Fund Signature Diversified Yield Fund (“SDY”) Cambridge Income Fund

16 Expected returnExpected volatility Select Income Advantage Cambridge Income Cambridge Cdn Asset Allocation Signature Diversified Yield TSX Signature Income & Growth * Based on March 31/12 asset allocations – see following slides for more details Moving out the curve*

17 Income seeker allocations Source: CI Investments, March Select Income Advantage

18 Income seeker allocations Source: CI Investments, March Cambridge IncomeSignature Diversified Yield

19 Accumulator allocations Source: CI Investments, March Cambridge Canadian Asset AllocationSignature Income & Growth

20 Thank you Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise indicated and except for returns for periods less than one year, the indicated rates of return are the historical annual compounded total returns including changes in security value. All performance data assume reinvestment of all distributions or dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. ® CI Investments and the CI Investments design are registered trademarks of CI Investments Inc.


Download ppt "Best practices for multi-asset class investing Alfred Lam, MBA, CFA, Portfolio Manager, CI Investment Consulting Neal Kerr, Senior Vice-President, CI Product."

Similar presentations


Ads by Google