Strategy Overview
Investment Strategy
The Fiera Preferred Shares Fund combines thorough assessment of macroeconomic factors, extensive credit research, and relative value analysis with the goal of delivering superior returns vs the benchmark. This actively managed strategy seeks to add substantial value through security selection and duration management while benefiting from the team’s deep understanding of the technical preferred share market, resulting in a well-diversified portfolio with a focus on high quality issuers.
Why Invest in this Strategy
- High yield asset class offering a significant source of dividend income
- Average dividend yield benefits in rising rate environments as fixed reset issues reset at higher 5yr Government of Canada yields
- Opportunistic approach allowing Fiera to find relative value within the capital structure, particularly in Hybrids, LRCNs and preferred shares.
- Enhanced portfolio diversification when combined with other fixed income asset class
- Significant tax efficiency benefits for taxable clients
- Managed by Fiera’s Integrated Fixed Income team, one of Canada’s largest preferred share managers, within their broader fixed income platform
Investment Team
Nicolas Normandeau MSc, CFA
He is supported by the Integrated Fixed Income team, which include Philippe Ouellette, MSc, CFA, Jeff Seaver, CFA., Jasper Beerepoot, MBA, Charles Grenier MSc, CFA, and by two analysts.
Disclaimer
The information provided herein does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Past performance is no guarantee of future results. Information pertaining to Fiera pooled funds is not to be construed as a public offering of securities in any jurisdictions of Canada. The offering of units of Fiera pooled fund is made pursuant to the fund’s Trust Agreement and only to those investors in jurisdictions of Canada who meet certain eligibility or minimum purchase requirements. Important information about Fiera pooled funds, including a statement of the fund’s investment objective, is contained in its Trust Agreement, a copy of which may be obtained from Fiera Capital Corporation. Unit values and investment returns will fluctuate. Please read the Trust Agreement of the pooled funds before investing. All performance data assume reinvestment of all distributions or dividends and do not take into account other charges or income taxes payable by any unitholder that would have reduced returns. Pooled funds are not guaranteed, their values change frequently and past performance may not be repeated.