fixed income
| Asset Class/Style | Canadian Fixed Income / Value |
| Benchmark: | Scotia Capital - Universe |
Overview
Using a value-based approach, Lincluden fixed income portfolios are structured to achieve the most efficient combination of duration, credit, yield curve and foreign exposure from a long-term, risk-reward perspective.
Investment Process
Based on our view of value and risk, we determine an appropriate portfolio duration which reflects our long-term view of inflationary trends relative to the current level of interest rates and shape of the yield curve. We believe that real interest rates should be calculated using long-term inflationary expectations instead of the current rate of inflation. Our exposure to credit risk through corporate, provincial and municipal government issues is a reflection of our own diligent risk-reward and detailed credit analysis.
