Head of Equities
The LF Canlife North American Fund aims to provide capital growth mainly from investment in equities quoted on the North American stock markets.
LF Canlife North American 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
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 opportunity as they present. The co-managers typically have skillsets in a different sectors and styles which, in combination, 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.
Due to the underlying assets held, the price of the fund is classed as having above average to high volatility.
Waves of COVID-19 infection continue to lap around the world. Developing markets such as Brazil, India and South Africa are struggling to contain the disease, while a number of other countries are easing lock-downs and starting to revive their economies.
Our Fund Managers share their latest views on how covid-19 is affecting investments across all assets, and what that means in terms of opportunities and positions
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?