Research Reports

2013 Quarter 1

During the first quarter of 2013, the fund generated an absolute return of 4.55% and a modest, but positive active return of 0.08%. This may seem low, but for a value-oriented fund such as ours to outperform the benchmark in a strong upmarket is quite good. The report features performance, risk, and attribution results; the findings of our capital market expectations and asset allocation research; as well a detailed update on our portfolios of Canadian equities, global equities, and fixed income.

Click here to download the SIAS Fund 2013 Q1 Presentation

2011 Quarter 1

Our first quarter research report includes a brief overview of the fund's activity throughout the past year as well as fundamental research by our equity, risk, and economic analysts. Featured report cover Agrium Inc., Sherritt International Corporation and iSHARE MSCI Japan, and more. The presentation slides highlight the fund's performance throughout the first quarter of 2011, broken down into the activities and contributions of each team.

Click here to download the SIAS Fund 2011 Q1 Research Report Click here to download the SIAS Fund 2011 Q1 Presentation

2011 Quarter 1 Presentation Videos

Performance Review - Overview  Performance Review - Composition and Performance  Performance Review - Attribution and Risk Analysis  Performance Review - Fixed Income Portfolio Management  Performance Review - Global Equity Portfolio Management  Performance Review - Canadian Equity Portfolio Management  Performance Review - US Equity Portfolio Management  Performance Review - Economics and Future Strategies  Performance Review - Questions and Answers 

2010 Quarter 4

Our fourth quarter research report includes a brief overview of the fund's activity throughout the past year as well as fundamental research by our equity, risk, and economic analysts. Featured reports cover Yamana Gold, Enbridge, and European ETFs, and more. The presentation slides highlight the fund's performance throughout the fourth quarter of 2010, broken down into the activities and contributions of each team.....

Click here to download the SIAS Fund 2010 Q4 Research Report Click here to download the SIAS Fund 2010 Q4 Presentation

2010 Quarter 3

Our third quarter presentation highlighted our Fund's performance as well as the new 2011 cohort's outlook for the future. Our research book includes highlights on the fund's performance, equity research, risk metrics, and economic outlook.

Click here to download the SIAS Fund 2010 Q3 Research Report

Click here to download the SIAS Fund 2010 Q3 Presentation

2010 Quarter 2

Our second quarter research report highlights the Fund’s performance and risk evaluation, coupled with analysis from North America. While we are limited in investing directly in commodities, research on natural gas and crude oil helped formulate our strategy within the energy sector. As well, industry specific reports on financials, technology and consumer staples provide sound assessment toward our North American allocation. Featured company reports include: Cenovus, Canadian Natural Resources, Texas Instruments and Yum! Brands.

Click here to download the SIAS Fund 2010 Q2 Research Report

Click here to download the SIAS Fund 2010 Q2 Presentation

2010 Quarter 1

The Q1 Quarterly Performance Booklet includes Performance Evaluation, Risk Metrics, Economic and Strategy, Fix income and Equity research reports. In the equity segment, it includes reports on Copper, Inmet Mining, Emera Inc, Metro Inc, National Bank, Coca-Cola Co and 3M Co. In this quarter, the SIAS team has been able to outperform the benchmark by 29 bp overall, 42 bp in Canadian Equities and 3 bp in Global Equities.

Click here to download the SIAS Fund 2010 Q1 Research Report