Cash

Cash and equivalent investments such as money market funds, treasury bills and high grade commercial paper are instruments that allow investors to provide short term funding to the global financial system.  These securities are an extremely liquid component of the portfolio and represent obligations that are backed by only the strongest borrowers, or credits.  The returns to cash and other money market instruments are typically tied in some way to a benchmark interest rate, such as the Bank of Canada Overnight Rate, or the London Interbank Offer Rate, also known as LIBOR. 

We primarily hold our liquidity in either Canadian or US Dollars and we employ a currency hedging strategy to eliminate the impact of changes in foreign exchange rates on our portfolios.

Back