Institutional Investors

Fixed Income Strategies

We take a disciplined, team-based approach to our active management of fixed income mandates, seeking to add consistent value relative to portfolio benchmarks through the management of duration, yield curve and credit risk. We continuously challenge the herd consensus and search for opportunities where the market has mispriced risk and reward. We restrict our term around a benchmark, rotate sectors based on statistical analysis, conduct fundamental credit research, and actively manage duration and yield curve structure based on historical data and computer modeling, in striving to add value relative to the index with above average results.

The macro portfolio positioning is determined by reviewing current market conditions; evaluating the economic environment; reviewing Central Banks movement; and assessing market expectations.

Based on our assessment, we forecast:
  • Direction of interest rates
  • Curve positioning
  • Credit spreads

We use proprietary models to perform scenario analysis and stress-test portfolios to determine the optimal structure.

A key advantage to the Beutel Goodman portfolios is the strength and depth of our credit research. We conduct rigorous independent research to identify high quality corporate bonds that meet our strict investment criteria.

Our research process includes:
  • Proprietary Financial Models
  • Industry Analysis
  • Management Interviews
  • Strategy Critique
  • Credit Ratings
  • Environmental, Social and Governance (ESG) Review

Inception date: April 12, 2021

Benchmark: Bloomberg Barclays U.S. Aggregate Bond Index

Lead Portfolio Manager(s): Derek Brown, Sue McNamara and Neil McCabe

Objective: The Core Plus Fixed Income strategy seeks to maximize total return and provide income and capital growth by investing primarily in a diversified portfolio of fixed-income securities across investment-grade, high-yield and non-traditional fixed-income asset classes.

Composition: The strategy is a well-diversified portfolio of U.S. government and investment-grade, high-yield and non-traditional fixed-income asset classes of various maturities. The corporate bonds will have an average credit rating of BBB or higher by a recognized rating agency. The Fund may invest a portion of its assets in bonds that are rated below BBB or in other evidences of indebtedness.

Vehicles:

Segregated account

’40 Act Fund [1]

Canadian institutions

U.S. institutions

Global institutions


In addition to our Canadian managed-account and fund offerings, Beutel Goodman also serves as the sub-advisor for AMG Beutel Goodman Core Plus Bond Fund, a ’40 Act fund distributed in the United States by AMG Distributors, Inc. This statement does not constitute an offer or solicitation to sell or a solicitation of an offer to buy any shares of any fund (nor shall any such shares be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction, and is by way of information only.

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