Head of Equities
The LF Canlife Global Equity Fund aims to provide capital growth mainly from investment in equities quoted on global stock markets.
LF Canlife Global Equity Fund:
For further details on the objective and investment policy, visit the Literature section to view fund KIIDs and Prospectus.
How the Fund is managed:
The Fund uses a blend of top-down macro views and bottom-up stock selection to identify investment ideas in which we have the highest conviction, it is flexible, pragmatic and mindful of prevailing macroeconomic and market conditions, for example; employment, inflation and gross domestic product
Top down macroeconomic style
The Fund is heavily influenced by the economic backdrop and its impact on stocks, sectors and markets. We all live in the real economy and it impacts everything we do. Similarly, our economic view is used to determine risk stance, sector positioning and the type of stocks held. Generally companies with low debt, strong cash flow and a high return on equity are favoured although this varies with the economic cycle.
Strong contrarian bias
The Fund constantly seeks misunderstood investments that have underperformed the market or sector. This often provides us with good entry points to invest in companies we already like which are purchased after the thesis has been re-validated.
The fund will invest across all sectors, stocks and styles dependent on investment opportunity, macroeconomic backdrop and valuation. It will not be unduly biased to any one thematic or style but instead respond to investment opportunities as they present. The co-managers typically have skillsets in different sectors and styles which, in combination, we believe will provide the best, balanced outcomes.
Mike Willans has more than 25 years’ of investment experience. He joined Canada Life Asset Management in October 1999 and was appointed Head of International Equities in March 2010 and then Head of Equities in May 2018. Mike heads up an experienced team that can also draw on the insights of other equity and fixed income specialists at Canada Life Asset Management. Bimal Patel joined Canada Life Asset Management’s equities team in September 2013.
The value of investments may fall as well as rise and investors may not get back the amount invested.
We don’t know yet, but preparing for an uncertain future is all part of a fund manager’s job. We asked Canada Life Asset Management’s managers and research specialists what UK investors might expect in 2021 and beyond.
As COVID-19 raised the spectre of economic collapse, mass unemployment and market turmoil, central banks and governments embarked on eye-popping programmes of monetary and fiscal stimulus.
What will governments choose when covid-19 has finally been slain but the debt produced in order to kill it off is larger than ever?