The Global Balanced Growth Mandate is designed for clients with a higher level of risk tolerance than typical Balanced Mandates. Accordingly, it is skewed more towards long-term growth than capital preservation and in turn allocates a larger portion of capital to equities.
Objectives:
- Return: long-term growth is prioritized over capital preservation
- Risk: average to above average
General asset class guidelines:
- Bonds (federal, provincial, & corporate): BBB or better.
- Preferred Shares: P3 or better.
- Equities: 5% maximum allocation per position with the exception of Exchange Traded Funds (ETFs) or Unit Trusts.
Target Asset Allocation:
- 56% - 75% allocation to equities.
- 15% - 34% allocation to fixed income securities.
- 10% allocation to cash & cash equivalents.
Geographic Allocation:
- Maximum flexibility between domestic and international securities
- Maximum variations across Family Groups with a +/- 10% range.
Benchmark:
- 10% PC-Bond 91-Day T-Bill Total Return Index / 24.5% DEX Universe Bond Index / 32.75% S&P TSX Total Return Index / 32.75% MSCI World Index Total Return (C$).
