The institutional division specializes in the management of segregated Canadian and Non-domestic equity, Diversified and Fixed Income portfolios for pension plans, endowments, foundations, First Nations, insurance companies, unions, corporations and governments.
Beutel Goodman manages over C$15 billion of equity and fixed income assets. The majority of these assets are specialist equity, bond or diversified mandates. Individual portfolios are constructed from a model portfolio after analysis of the client’s statement of investment policy and guidelines.
The equity portfolio construction process is consistent throughout the organization and is based on the belief that risk is absolute and the avoidance of a capital loss is paramount.
Fixed income portfolios utilize duration, interest rate anticipation and credit strategies to add value. Scenario analysis forecasts four potential economic environments which we use to construct low risk portfolios. Credits are analyzed in-house for quality independent of rating agency assessments. We consider a bond default to be reason for manager termination which is a reflection of our confidence in the high quality of our portfolios.
There is a $25 million asset hurdle minimum for segregated management. Most of the following are available as a pooled fund, with a lower asset value hurdle.
| Mandates |
Benchmark |
Target Value Added*
|
Canadian Equity (Large Cap)
|
TSX/S & P Composite |
Index +200 bps |
Canadian Equity (Small Cap)
|
TSX/S & P Small Cap |
Index +200 bps |
U.S. Equity
|
S & P 500 |
Index +200 bps |
International Equity
|
MSCI EAFE |
Index +200 bps |
Global Equity
|
MSCI World |
Index +200 bps |
World Focus
(Concentrated Global Equity)
|
MSCI World |
Absolute Return
|
Global Dividend Oriented Equity
|
MSCI World |
|
Global Diversified
|
30/12/13/40/5 |
Benchmark +125 bps |
Domestic Diversified
|
40/60 |
|
Active DEX Universe Strategies
|
DEX Universe |
Index +50 bps |
Corporate/Provincial Active
|
DEX Universe |
Index +50 bps |
Short-Term Bond Strategies
|
DEX Short Term |
Index +20 bps |
Long-Term Bond Strategies
|
DEX Long Term |
Index +50 bps |
* over an economic cycle. |
|