STRONG MACRO APPROACH DRIVES PORTFOLIO CONSTRUCTION
The managers’ begin their investment process with an evaluation of the US economy and prospects for growth. They identify the current stage of the cycle and their judgement feeds directly into their bias towards defensives or cyclicals and sector allocation.
INVESTS ACROSS THE MARKET-CAP SPECTRUM
The fund invests in large, medium and smaller companies. For small and mid-cap selection, top-down analysis is supplemented with bottom-up research, including company visits and conferences. Above all, the team seeks companies that will prosper due to their market positions, products, superior management and financial strength.
FOCUS ON VALUE
The fund tends to have a value bias and the team relies less on forecasting because of its inherent unreliability. Instead, they favour companies with low debt, strong cash flow and a high return on equity. Holdings are typically less expensive than the market average and peer group portfolios.
HIGH CONVICTION, UNCONSTRAINED STYLE
With its concentrated portfolio, the fund takes positions that may diverge significantly from the consensus. The managers' employs a contrarian slant that allows them to find opportunities where others are afraid to look. They are able to take an unconstrained approach to managing the portfolio and are not tethered to the market, resulting in pure active management, not a closet index tracker.
Mike has more than 25 years of investment experience. He joined Canada Life Investments in October 1999 and was appointed Head of International Equities in March 2010. Mike heads up an experienced team that can also draw on the insights of other equity and fixed income specialists at Canada Life Investments. Bimal joined Canada Life Investments' international equities team in September 2013.
Past performance is not a guide to future performance. The value of investments may fall as well as rise and investors may not get back the amount invested. Income from investments may fluctuate. Currency fluctuations can also affect performance. Performance figures are on a bid to bid with net income reinvested basis. Valuations are based on the previous day's prices.
Mike and Bimal use a blend of top-down macro views and bottom-up stock selection to identify investment ideas in which they have the highest conviction. They takes aggressive sector views that are dictated by the stage in the economic cycle. The resulting portfolio contains a broadly equal split between large companies and small and medium cap stocks.
Head of Equities
Mike joined Canada Life Investments in October 1999. He became Head of International Equities in March 2010 and was most recently appointed Head of Equities in May 2018.
Mike's investment experience stretches back to 1986 when he worked as a fund manager at Kleinwort Benson. After five years at Manulife, Mike went to Lazards as Head of Japanese Equities in 1995, moving to NPI before joining Canada Life Investments.
Fund Manager, Global Equities
Bimal joined Canada Life Investments' international equities team in September 2013.
He is now co-manager of the LF Canlife Global Equity fund, LF Canlife North American Fund and LF Canlife Asia Pacific Fund. Bimal holds a BSc in Mathematics with Economics from the London School of Economics and is a CFA Charterholder.
Interested in this fund and would like to find out more?
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CANADA LIFE INVESTMENTS HEAD OFFICE
T: +44 (0)20 7415 6546