Signature's Philosophy

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Quote: 'Markets are interconnected. A successful investment approach should be equally integrated and connected — encompassing rates, credit, equity, commodities, property and foreign exchange within a coordinated global view.'

Signature Global Asset Management manages core equity, balanced and income-oriented funds, and is CI Investments' largest in-house portfolio management group. The team of 51 investment professionals, led by Chief Investment Officer Eric Bushell, manages approximately $45 billion in assets (as at Mar. 31, 2020).

Investment philosophy

The Signature investment philosophy is designed to deliver the best possible risk-adjusted returns in today’s complex environment and is based on these key elements:

- The globalization of the world economy has resulted in increased complexity,
 requiring specialized knowledge.

- The increased interconnectivity of the global economy demands collaboration.

Security selection process

Asset allocation
Signature develops a comprehensive global outlook, factoring in economic growth, interest rates, capital market conditions and geopolitical tensions. The Signature asset allocation team determines the appropriate risk profile given this outlook and allocates capital to various asset classes.

Security selection (equities and fixed income)
Signature's global outlook is used to determine sector allocations within the equity and fixed-income portfolios. Within the equity portfolios, sector specialists use a variety of analytical approaches that best fit their global industry sectors. In managing fixed-income portfolios, risk controls and preserving capital are critical considerations. All positions are subject to continuous monitoring. In constructing portfolios, Signature's managers favour a flexible approach that give them the greatest opportunities to add value and protect capital.

Currency hedging
As a Canadian-based investment manager with global capabilities, Signature recognizes the importance of currency movements to the returns experienced by Canadian investors. Signature's active management of its portfolios' exposure to foreign currencies through hedging is a key element in managing risk and protecting the funds' returns.