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Quick FactsInvestment Approach
Growth, bottom-up security selection
Benchmark
60% S&P/TSX Composite Total Return Index and 40% DEX Universe Bond Index
Target Allocation
60% equities, 40% bonds
Capitalization
All Cap
Strategy Inception Date
November 30, 1998
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Investment Teams
Investment Philosophy
Acuity seeks reasonably priced growth securities, seeking long-term capital appreciation.
The Acuity investment management team:
- Seeks companies that they believe will demonstrate earnings growth that the market has not priced properly
- Strives to build a portfolio with growth characteristics meaningfully higher than the market itself
- Pays close attention to forward-looking valuation metrics to ensure they don't overpay
- Seeks companies with strong balance sheets and low leverage
Investment Process
Acuity's investment committee is responsible for all asset allocation and security selection decisions. The Investment Committee is composed of the Portfolio Managers who meet formally each month, or more frequently if warranted by market conditions.
The Committee members develop the investment outlook on a consensus basis. The investment outlook first identifies investment themes and industry sectors upon which they focus research and idea generation efforts. The Outlook is confirmed or revised during each Committee meeting.
Asset allocation decisions are developed through a top-down focus by the Committee and reflect consensus opinion on external forecasts. The Committee takes a macroeconomic perspective in making the allocation decisions considering factors such as inflation, interest rates, gross domestic product growth rates and monetary and fiscal policies.
