Permitted Investments
Bonds
In its simplest form, you lend money to an issuer for a set time with the principal amount being repaid at the end of the term (the maturity date). However, the repayment of 100% of your principle depends on the issuer’s default risk (for government bonds, this is very low) and whether the bond is held until maturity. In return, the issuing entity pays regular interest (coupons). Unlike GICs, bonds are more liquid and can be resold on a secondary...
Opens in a new window.Guaranteed Investment Certificates (GICs)
You lend money to an issuer for a fixed term and in return receive interest payments. At maturity you are guaranteed 100% of your principal. Traditionally, the interest rate is fixed and depends on the GIC’s conditions, however non-traditional GICs include market-linked GICs and variable rate GIC’s where the return can vary.
Opens in a new window.Principle Protected Notes (PPN)
The principal amount is guaranteed and returned at maturity, thereby protecting your initial investment and remaining in line with provincial condo legislation. PPN returns are based on the performance of its underlying linked asset (such as equities, bonds, commodities, currencies, etc.), thus giving you access to the growth potential of the market.
Opens in a new window.Our Team
Bernard Miles, CIM
Senior Portfolio Manager
Kim Reardon, FMA, CIM
Portfolio Manager