Investment Strategy Group

Transcription

1 Investment Strategy Group Funds Research CIBC Wood Gundy April 2017 Jonathan Vapsva, CFA Director, Investment Funds

2 CIBC Wood Gundy Recommended Mutual Funds Equities Avg Market F-Class Dividend 3 Yr Return 3 Yr Std Dev Fund Size Canadian Cap ($Bil) MER Yield CI Cambridge Canadian Equity Canadian Equity Large Cap EdgePoint Canadian Portfolio Canadian Equity Large Cap ,438 Fidelity Special Situations Canadian Equity Mid/Small Cap IA Clarington Canadian Small Cap Canadian Equity Mid/Small Cap ,034 Canadian Dividend AGF Canadian Large Cap Dividend Canadian Equity Large Cap CI Cambridge Canadian Dividend Canadian Equity Large Cap ,140 Fidelity Dividend Canadian Equity Large Cap ,890 U.S. Beutel Goodman American Equity US Equity Large Cap Blend ,255 Brandes US Small Cap Equity US Equity Mid Cap TD US Low Volatility US Equity Large Cap Blend Global Brandes Global Small Cap Equity Global Equity Mid/Small Cap Capital Group Global Equity Global Equity ,518 CC&L Global Alpha Global Equity Mid/Small Cap N/A N/A 297 EdgePoint Global Portfolio Global Equity ,370 Mackenzie Ivy Foreign Equity Global Equity ,580 International (Global ex North America) Manulife World Investment Global Equity ,042 RBC Emerging Market Equity Emerging Markets Equity ,004 Trimark International Companies Global Equity Renaissance Global Infrastructure Other Equity ,951 Renaissance Global Real Estate Real Estate Equity TD Health Sciences Other Equity TD Science & Technology Other Equity March 2017

3 Fixed ISG Funds Research Primary F-Class 3 Yr Fund Duration Yield Average 3 Yr Std Geographic MER Return Size (Yrs) Credit Quality Dev Core Exposure ($mil) Lysander-Canso Short Term Canadian Short Term Canada A & Floating Rate Fixed PH&N Total Return Bond Canadian Fixed Canada AA ,970 Supplementary AGF Floating Rate Fund Floating Rate Loans U.S B Fidelity American High Yield High Yield Fixed U.S B ,430 Lysander-Canso Corporate Value Bond Canada BBB ,813 PIMCO Monthly U.S A ,718 RBC Global Corporate Bond U.S BBB ,015 Unconstrained National Bank Unconstrained Fixed Fund Canada A 0.98 N/A N/A 287 PIMCO Unconstrained Bond U.S A 0.96 N/A N/A 159 Renaissance Flexible Yield High Yield Fixed U.S BBB N/A N/A 411 Equity Hybrid Dynamic Preferred Yield Preferred Share Fixed Canada P2M March 2017

4 - Asset Canadian Balanced Fidelity Monthly Mackenzie Canadian Growth Balanced Moderate Aggressive Equity Style Large Blend Large Growth Fixed Canadian Fixed Avg Market Cap ($Bil) Average Credit Quality F-Class MER 3 Yr Return 3 Yr Std Dev Fund Size BBB , A Global Balanced EdgePoint Global Growth & Franklin US Monthly Aggressive Moderate Mid Blend Large Value BBB , B Alternatives Avg Market Cap ($Bil) F-Class MER 3 Yr Return 3 Yr Std Dev Fund Size Specialty Dynamic Alternative Yield Equity Oriented ,377 Dynamic Premium Yield Fund Equity Oriented ,111 4 March 2017

5 Disclosures & Disclaimers Mutual Fund Disclaimer Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns, including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed. Their values change frequently, and past performance may not be repeated. Proprietary Product Disclaimer CIBC Asset Management Inc. (CAMI) is a portfolio manager and employs investment sub-advisors to provide investment advice and investment management services. Although certain persons have been designated responsibility for day-to-day investment decisions, a team approach is generally used to provide the services, and the members of the team can change from time to time. Some sub-advisors may be situated outside of Canada and may not be registered as an advisor in Canada. CAMI operates under the brand name of CIBC Asset Management and is a member of the CIBC Group of Companies. CIBC Asset Management is the asset management arm of CIBC and is a registered trademark of CIBC and licensee of CIBC Trust Corporation. Renaissance Investments Family Of Funds Renaissance is a trademark of CIBC Asset Management Inc. CIBC Asset Management Inc. (CAMI) is the portfolio advisor, manager and trustee of the Renaissance Investments family of funds. CAMI is a wholly-owned subsidiary of CIBC and, therefore, an affiliate of CIBC Wood Gundy. The Renaissance Investments family of funds are connected issuers of CIBC World Markets Inc. This report is provided for informational purposes only and does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such offer or solicitation would be prohibited. The securities mentioned in this report may not be suitable for all types of investors. This report does not take into account the investment objectives, financial situation or specific needs of any particular client of CIBC Wood Gundy. Recipients should consider this report as only a single factor in making an investment decision and should not rely solely on investment recommendations contained herein, if any, as a substitution for the exercise of independent judgment of the merits and risks of investments. Past performance is not a guarantee of future results, and no representation or warranty, express or implied, is made regarding future performance of any security mentioned in this report. Information, opinions and statistical data contained in this report were obtained or derived from sources believed to be reliable, but CIBC Wood Gundy does not represent that any such information, opinion or statistical data is accurate or complete, and they should not be relied upon as such. All estimates, opinions and recommendations expressed herein constitute judgments as of the date of this report and are subject to change without notice CIBC World Markets Inc. All rights reserved. Unauthorized use, distribution, duplication or disclosure without the prior written permission of CIBC World Markets Inc. is prohibited by law and may result in prosecution. The CIBC trademark is used under license. 5 March 2017