Updates on prudent investor, legal list and COVID-19 related webinars

April 07, 2020

ONE Joint Investment Board moving forward

Although these are difficult and unusual times, ONE Investment continues to make good progress in forming the ONE Joint Investment Board (JIB). Five municipalities have passed by-laws to invest under the prudent investor standard and become founding members of the JIB. These include:

  • Town of Huntsville
  • Town of Bracebridge
  • District Municipality of Muskoka
  • Town of Whitby
  • City of Kenora

As well, a similar by-law is before Town of Innisfil Council at their meeting tonight. If approved, ONE Investment will have six founding members of the ONE JIB.

Due to COVID-19, the launch meeting of the JIB has been postponed to May 19-20. Arrangements are in place to hold this meeting virtually, as needed.

Even during uncertain economic times – or perhaps especially so – the prudent investor standard allows for a diverse portfolio that can manage risk so that municipalities can continue to meet goals.

ONE Investment Advisory Services team brings investment and municipal expertise to support all of our investors. The team includes Keith Taylor, Chief Investment Officer and Wardah Mir, Client Service Representative, who both have financial sector experience. Colin Macdonald, Manager Investment Services brings the municipal finance and asset management lens to the group.

Investing with the “legal list” during market turmoil

As the uncertainty unfolds on equities markets, many treasurers are likely fielding questions from municipal councillors and colleagues about what it means for municipal investments. ONE Investment has developed a Q&A to help you answer those questions and provide confidence that the municipality can continue to manage its investments effectively during this time.

Upcoming ONE Investment Webinars  - Impact of COVID

ONE is holding two important webinars to discuss in detail how COVID-19 has impacted the ONE Investment legal list portfolios. With all of the uncertainty and market volatility, these webinars will help municipalities better understand how recent developments have impacted their equity and fixed income investments.

Hosted by our external investment managers, the discussions will cover current trends and how positioning within the portfolios have impacted returns.

 

(1)    Canadian Bonds and Money Markets: Hosted by MFS Investment Management.

This presentation will discuss the ONE Canadian Government Bond Portfolio, ONE Canadian Corporate Bond Portfolio and ONE Money Market Portfolio. It will cover recent performance, portfolio positioning and a discussion of how the global pandemic has impacted the portfolios and outlook. The bias in the portfolios towards high-credit quality investments is a key feature and driver of performance in the current environment that they will discuss in detail.

Presenter: Soami Kohly MFS, Darren Patrick MFS and Keith Taylor ONE Investment
Date: Wednesday April 15, 2020
Time: 11:00 a.m. - 12:00 a.m. ET

 

Register

 

(2)    Canadian Equity Markets: Hosted by MFS Guardian Capital

This presentation will discuss the ONE Canadian Equity Portfolio, including recent performance, portfolio positioning and a discussion of how the global pandemic has impacted the portfolios and outlook. The targeted risk approach of the portfolio has direct implications for the exposure to the energy sector and the resource sector generally. This, in combination with a ‘bottom up approach’ that emphasizes quality companies with strong prospects, will be discussed further to demonstrate how the Guardian is positioned in the face of the recent market turmoil.  

Presenter: Ted Macklin & Guardian Team, Keith Taylor ONE Investment
Date: Thursday April 16, 2020
Time: 3:00 p.m. – 4:00 p.m. ET

 

Register

 

Replays of these webinars will be available after the event.

 

Category
COVID-19
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