Using a holistic investment approach, our dedicated local fixed income investment team is fully integrated into an extensive global fixed income platform and a places a strong emphasis on portfolio construction and risk. Our investment objective is to outperform the FTSE TMX Canadian Bond Universe on both a relative and risk-adjusted basis over a full market cycle.
We aim to provide enhanced and consistent long-term returns that are less reliant on market directionality with lower volatility and improved downside protection. We believe there are three key areas of focus that are essential in delivering a resilient fixed income solution: Commitment, Creativity and Construction.
Firm-wide commitment in providing resilient fixed income solutions.
Our Toronto-based team is an integral part of the Aviva Investors global investment team and actively engages in contributing to a diverse range of investment themes and idea generation. Our insurance pedigree makes us natural fixed income investors with a focus on risk allocation and outcomes.
An ideas-driven, unconstrained approach bringing together our full global investment capabilities across a broad range of disciplines.
Our innovative research approach incorporates comprehensive capital structure coverage and a valuation-based investment framework based on macro-economic factors, fundamentals, valuation and thematics (MFVT). ESG principles are integrated elements in our investment recommendations, where appropriate.
Elevating portfolio construction and risk management to the same importance as idea generation
Our Toronto-based portfolio managers oversee the holistic portfolio construction process, integrating the highest-conviction ideas in a benchmark-aware manner. Optimization helps build conviction on portfolio themes over multiple scenarios, and stress testing helps limit downside risks when our central scenario is challenged.
Fixed income investments have a reputation for safety but are not without risks. The risks below are illustrative. Other risks also exist. For further information, please contact our investment team.
Canadian Core Team
Investment professionals named may be employees of Aviva Investors Canada Inc. or one of its global affiliates including Aviva Investors America LLC (USA) or Aviva Investors Global Services Limited (UK).
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Explore our fixed income range
Canadian Core Plus
Our investment objective is to outperform the FTSE TMX Canadian Bond Universe on both a relative and risk-adjusted basis over a full market cycle.
A range of strategies that aim to capture the full potential of high yield bond markets whilst protecting downside risk.
A strategy that aims to enhance returns on excess cash by investing in short-maturity, highly rated fixed-income securities where T+0 liquidity is deemed unnecessary.
Fixed income views
Deficits still matter… just not right now
22 Mar. 2021
Deciding when to tighten the purse strings and hike taxes is complex at any time, even more so when the economic fallout from COVID-19 remains unclear. Getting deficits under control will need to happen eventually, but it would be a brave government to pursue that goal in the short term.
Why it is getting harder to assess value in financial markets
19 Mar. 2021
Massive intervention by central banks and governments in recent years has left investors struggling to value financial assets.
Zero rates: Too much of a good thing?
9 Mar. 2021
The inexorable rise in asset prices caused by the seemingly never-ending era of monetary easing is calling into question long-held investment beliefs, as members of our multi-asset & macro and equities teams explain.
Everybody wants one: Are sustainable bonds the new smartphones?
5 Mar. 2021
The COVID-19 pandemic has highlighted the importance and fragility of the natural balance. As governments, companies and investors aim for a just transition, sustainable bonds are being issued at pace in different formats. Is it a fad, and do markets really need so many varieties?
From crisis comes opportunity: What’s normal now?
2 Mar. 2021
Big challenges bring us the opportunity to think differently. Our investment teams reveal what they have learnt from COVID-19, and how they are preparing to face whatever ‘normal’ emerges in a post-pandemic world.
The COVID Nudge
28 Jan. 2021
In these data visualisations, we look at whether COVID-19 will achieve something that millions spent on public health campaigning has failed to do.
What a carve up! The future of the internet
22 Jan. 2021
Commercial and geopolitical forces are threatening to fracture the internet into competing regimes, making it harder for companies to operate across borders and potentially limiting their growth. We explore the implications for investors.
Investing for impact in private debt to combat climate change
21 Jan. 2021
Impact investment strategies will have an important role to play if the green credentials of the world’s stock of real estate is to be transformed, argue Gregor Bamert and Stanley Kwong.
The path for oil and gas after COVID-19
20 Jan. 2021
Post-COVID recovery initiatives from governments are increasingly taking a green path, but the response of oil and gas companies so far runs from denial to complete reinvention. Should they continue pumping oil for as long as they can to avoid destroying capital for investors, or do they need to accelerate efforts to future proof their businesses now?
Our annual letter to company chairpersons
15 Jan. 2021
As part of our engagement efforts, every January we send a letter to the chairs of companies we invest in (and some we don’t, but still want to use our influence with) to set out our stewardship priorities for the year. Here, in full, is our 2021 letter.
Issuance, support from equities and volatility: The outlook for convertible bonds in 2021
18 Dec. 2020
Shawn Mato, convertible bond fund manager, picks three themes that could have a big say in how the asset class performs in 2021.
Zombie revival, improving fundamentals and monetary policy: The outlook for high yield in 2021
17 Dec. 2020
Kevin Mathews, Brent Finck and Sunita Kara, high yield portfolio managers at Aviva Investors, pick out three themes that will shape the asset class in 2021.
Stimulus, M&A and US politics: The outlook for investment grade credit in 2021
17 Dec. 2020
Mike Cho and Jonathan Manning, investment-grade portfolio managers at Aviva Investors, look at the themes that will shape the asset class in 2021.
Chemical compounds: The good, the bad and the ugly
9 Dec. 2020
After decades of secrecy, light is increasingly being shone on the potentially hazardous compounds produced by chemical companies. In the latest instalment of our editorial series, Link, experts from Aviva Investors’ credit, equities and ESG teams discuss the prevalence of chemicals in modern life, and how to balance usefulness and safety.
Sustainability in credit: Why ESG scores don’t tell the whole story
5 Nov. 2020
ESG ratings are a helpful baseline to assess companies, but views on their ESG risks and opportunities can be honed – and sometimes corrected – through deeper research, trend analysis and meetings with company executives.
US Election 2020: Expect the unexpected
29 Oct. 2020
As the US presidential election looms, we explore potential scenarios – from a Democratic “blue sweep” to a Trump re-election to a divided government – and assess the implications for investors.