Jun 3

Be Flexible

Good day,

Along with a number of Canadian portfolio managers and consultants, a group of the PMs at Harbourfront are also responsible for providing advisory services to a national asset management institution known as Willoughby Asset Management Inc. Most recently Willoughby launched another portfolio pool, this time available to both accredited and non-accredited retail investors. The Willoughby Investment Pool is a standalone portfolio, as it doesn’t have the common restrictions generally found with conventional mutual funds and/or wrap accounts.

While we looked, we haven’t been able to find many other investments which have the flexibility to employ a broad range of strategies with limited sector, security type, or geographic restrictions. A few examples include the option of holding growth companies and/or those that are undervalued, different classes of ETFs, government bonds to high yield fixed income securities, mature and emerging economies, and the portfolio has the ability to move entirely to cash if it sees fit.

Given that the portfolio is managed on a discretionary basis, investors benefit from the agility necessary to take advantage of time sensitive opportunities, particularly relevant in the current market environment. The portfolio uses a predetermined buy/sell approach in order to reduce risk and capture upside. This is based on fundamental criteria such as a minimum company size requirement, a company’s 10 year EPS growth of a minimum of 7%, return on equity greater than 14%, and profit margins greater than 7% to name a few. As general market direction has historically played a big part in results, the portfolio is also sensitive to the trends of movement in security prices.

While minimum investment amounts may be applicable with the Willoughby Investment Pool, should you like more information drop me a line.

With the sun, get outdoors this weekend.

Danny
 
Return to All Posts

 

HFWM_logo-vertical_RGB-72dpi

 

 

 

Daniel Popescu CFP, CIM, FMA, FCSI
President & CEO

MNP Tower, 3100-1021 West Hastings St.
Vancouver, BC V6E 0C3
T: 604-558-6830/1(877) 588-6822
F: 604-558-6823
harbourfrontwealth.com

 

For additional comments and info go to: www.harbourfrontwealth.com

“I have prepared this commentary to give you my thoughts on various investment alternatives and considerations which may be relevant to your portfolio. This commentary reflects my opinions alone, and may not reflect the views of Harbourfront Wealth Management. In expressing these opinions, I bring my best judgment and professional experience from the perspective of someone who surveys a broad range of investments. Therefore, this report should be viewed as a reflection of my informed opinions rather than analyses produced by Harbourfront Wealth Management Inc.”
Disclaimer – This information transmitted is intended to provide general guidance on matters of interest for the personal use of the reader who accepts full responsibility for its use, and is not to be considered a definitive analysis of the law and factual situation of any particular individual or entity.  As such, it should not be used as a substitute for consultation with a professional accounting, tax, legal or other professional advisor.  Laws and regulations are continually changing and their application and impact can vary widely based on the specific facts involved and will vary based on the particular situation of an individual or entity. Prior to making any decision or taking any action, you should consult with a professional advisor. The information is provided with the understanding that Harbourfront Wealth Management is not herein engaged in rendering legal, accounting, tax or other professional advice.  While we have made every attempt to ensure the information contained in this document is reliable, Harbourfront Wealth Management is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information is provided “as is,” with no guarantee of completeness, accuracy, timeliness or as to the outcome to be obtained from the use of this information, and is without warranty of any kind, express or implied. The opinions expressed herein do not necessarily reflect those of Harbourfront Wealth Management Inc. The particulars contained herein were obtained from sources we believe to be reliable, but are not guaranteed by us and may be incomplete.  The opinions expressed are not to be construed as a solicitation or offer to buy or sell any securities mentioned herein. Harbourfront or any of its connected or related parties may act as financial advisor or fiscal agent for certain companies mentioned herein and may receive remuneration for its services. The comments and information pertaining to the Hudson Total Mandate Portfolio and/or the Willoughby Investment Pool (“The Portfolios”) are not to be construed as a public offering of securities in any jurisdiction of Canada. The offering of units of The Portfolios is made pursuant to the Offering Memorandum and Simplified Prospectus and only to investors in Canadian jurisdictions. Important information about The Portfolios is contained in the Offering Memorandum and Simplified Prospectus available through Willoughby Asset Management. Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with investments in The Portfolios. Investments in The Portfolios are not guaranteed, their values change frequently and past performance may not be repeated. Historical annual compounded total returns including changes in unit value and reinvestment of all distributions do not take into account sales, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Unit values and investment returns will fluctuate and there is no assurance that The Portfolios can maintain a specific net asset value. Harbourfront Wealth Management Inc. (“Harbourfront”) has relationships with related and /or connected issuers, which may include the securities or funds discussed in this commentary and are disclosed in our Statement of Policies Regarding Related and Connected Issuers. This policy is included in your new client package, on our website, or can be obtained from your investment advisor on request.

iiroc_cipf