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Greg Dean's picture
Submitted by Greg Dean on

Thanks for those kind words. The U.S. portfolios are managed by Alan Radlo in his own style but we all employ a consistent philosophy of focusing on absolute returns and mitigating risks. We have a significant allocation to U.S. equities in our Canadian mandates and have for several years, which reflects the flexibility that we have to find ideas globally and avoid sectors and geographies where we have concerns.

Below I show our allocations by geography and asset class as of the end of June. It may surprise you that we actually have a larger amount of money invested in stocks outside of Canada (46% of assets under management) than inside (35% of AUM). We have found great opportunities all over the world and believe that our clients have benefited by not being confined to investing only in Canada -- especially over the last two years, as the TSX has lagged the S&P 500 by about 30%.

 

Asset Class

Current %

Cdn Equity %

35%

US Equity %

29%

Int'l Equity %

17%

Bonds %

4%

Cash %

15%

Total

100%

 

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