Guardian Managed Balanced
Benchmark: 40% FTSE Canada Universe Bond Index / 30% S&P/TSX Capped Composite Index / 30% MSCI World Index (Net, C$) (30%)
Inception Date: 1-Jan-93
Investment Objective
The primary objective of the Fund is the achievement of a balance between long-term growth of capital and reasonable income through diversified investments in equity or equity-related securities and in fixed income securities, either long-term or short-term.
Investment Strategy
The Fund invests in securities of other investment funds managed by us, and may also invest in other securities, including exchange traded funds, to achieve its objectives. We use strategic and tactical asset allocation to create a portfolio diversified by investment style, asset class and geographic region, with an emphasis on growth of capital. The portfolio generally includes exposure to Canadian equities, developed market global equities and investment grade fixed-income securities. Currently, the Fund’s long-term asset mix policy is 60% stocks and 40% bonds, with cash reserves incorporated in these two asset classes. If the asset mix between equities and bonds varies by more than 15% from the long-term mix, the Fund is normally rebalanced. Within its long-term mix, the Fund invests in a core portfolio and, from time to time, a satellite portfolio. On a tactical basis, the Fund may also invest from time to time in a satellite portfolio consisting of securities of other Funds, mutual funds, exchange-traded funds and other securities that are consistent with the Fund’s investment objectives.