World Managed
Counsel World Managed Portfolio is managed using an active asset allocation approach to create a diversified portfolio by investing in five different asset classes - international equity, Canadian large cap, mid cap and small cap equities and fixed income. The investment allocations to each asset class is constantly monitored and, if necessary, adjusted to remain consistent with the investment objective.
This portfolio has three distinct areas of investment decision making, each managed by independent investment specialists:
1. Asset Allocation – a manager is responsible for determining the most appropriate mix of assets for risk and return management, based upon economic and risk analysis.
2. Investment Specialists – these are the investment managers hired by Counsel Wealth Management. Their role is to manage risk and return within their specific investment portfolios.
3. Review Manager – this manager makes asset allocation investment decisions based upon an asset allocation methodology and equity concentration review process. The manager invests its allocation in securities of various asset classes to reduce the risk or increase returns.
Sub-Advisors and Underlying Funds
Cumberland Private Wealth Management Inc.
Cumberland makes risk management decisions based upon an equity concentration review process. As part of the process, Cumberland reviews the actual holdings of the other sub-advisors that are responsible for global equities and fixed income and identifies concentrations in specific sections of the economy, specific investment characteristics and specific economic exposures. Cumberland invests its allocation in securities of various asset classes to reduce the risk and/or increase returns in a manner consistent with the overall target asset allocation. Cumberland’s investment style is conservative, risk averse and disciplined using a combination of top down and bottom up analysis.
Target Allocation* - 0% to 25%
Mandate – Equity Review
TD Canadian Bond Fund
The emphasis is to earn a high rate of interest income through investments in highquality bonds and debentures issued principally by Canadian borrowers in Canadian dollars. Securities may consist of debt obligations of, or guaranteed by, Canadian federal, provincial or municipal governments, Canadian chartered banks, Canadian loan or trust companies or Canadian corporations. Initially, this will be achieved through a direct investment in TD Canadian Bond Fund.
Target Allocation* - 20% to 80%
Mandate – Fixed Income
Leon Frazer & Associates Inc.
Leon Frazer invests in large capitalization Canadian securities for the purpose of deriving income, protecting the value of investments and achieving long-term capital appreciation. A dividend income valuation approach is applied.
Target Allocation* - 5% to 50%
Mandate – Large Capitalization Canadian Equities
Dreman Value Management, LLC
Dreman invests in undervalued companies that exhibit strong fundamentals, above market dividend yields and historic earnings growth, which its analysis indicates will persist.
Target Allocation* - 5% to 60%
Mandate - Large Capitalization U.S. Equities
Mawer Investment Management Ltd.
The Mawer investment team invests in non North-American equities by primarily focusing on good companies exhibiting attractive valuations and investment characteristics.
Target Allocation* - 5% to 60%
Mandate - International Equities (Ex-North America)
Counsel Select Small Cap
This Fund seeks long-term growth of capital by investing primarily in global small cap equity securities.
Target Allocation* - 5% to 15%
Mandate - Global Small Cap
Features and Benefits
Three levels of independent investment decision making, distinguishing it from other tactical managed funds
Exposure to independent management firms with strong investment processes, and strong records of risk adjusted returns
Proper diversification created through the optimal combination of equity, fixed income, geographic exposure, capitalization ranges and investment management style
Independent asset allocation advice through an investment consulting firm retained by Counsel to provide asset class and capital market inputs to Counsel for use in its analysis.
Counsel’s rigorous manager selection and ongoing due diligence process
Portfolio rebalancing to the appropriate asset mix on a regular basis
Single consolidated semi annual investment reports are provided to investors
Clear and concise reporting and communications
* Subject to change without notice
Counsel World Managed Portfolio At-A-Glance
Counsel World Managed Portfolio Brochure
Counsel World Managed Portfolio FAQ
Counsel World Managed Portfolio Financial Statement
Counsel World Managed Portfolio MRFP
Counsel World Managed Portfolio Quarterly Portfolio Disclosure