Designed for investors seeking growth and asset preservation
Managed by Meadowbank Asset Management Inc., the Meridius Separately Managed Growth Portfolio is designed for investors seeking to preserve the value of their money, while benefitting from relatively consistent returns and diligent downside protection.
Our clients must be the right fit
We are selective in engaging clients because we do not want to be everything to everyone. We simply want clients seeking:
- Wealth preservation and downside protection
- Consistent returns based on their unique tolerance for risk
- Peace of mind without having to worry about market volatility
We recognize that losses are more painful than gains
Following several decades of experience, we found that although investors come in different shapes and sizes; have different expectations; and can tolerate different levels of risk, at the end of the day most of them want the answer to a single question: “How much money did I invest, how much is my investment worth today?”
The truth is: whether they are conservative or aggressive, when their investments are worth less, behavioral finance research shows that they experience a greater degree of pain than the degree of satisfaction experienced from making a gain.
That is why we do not set unrealistic expectations
We do not want our clients to have unrealistic expectations and do not promise to outperform the market or the benchmark. We simply strive to provide relatively reasonable returns while minimizing the risk of making losses. We want our investors to be able to sleep at night without having to worry about their money. More important, we aim to eliminate the pain of making losses.
Meridius Core Equity Investment Process
The Manager uses a two-pronged approach to select stocks for the portfolio, including:
- A proprietary quantitative “all times period” model which has been back-tested for reliability and accuracy is used to select securities with the best long-term risk-return characteristics among firms traded on the S&P/TSX 300, with a market capitalization of $1 billion or greater. Resource stocks are excluded from the stock selection process.
- Qualitative criteria to determine final stock selection.
Qualitative stock selection criteria
The following quantitative criteria are then applied to select stocks for inclusion in the portfolio.
- Strength and consistency of management
- Growth at a reasonable price
- Relative valuation
- Dividend payout
- Competitive positioning
Maintaining the process
The performance of the universe of selected stocks is analyzed each month to either add new companies or reduce exposure to existing holdings.
Safety and segregation of your money
Whether you have an investment, registered or cash account, your investments are at all times held by an approved custodian. What this means is that your money is fully segregated from Meadowbank’s own accounts. Currently, Fidelity Clearing Canada ULC is our licensed broker and custodian. Fidelity Clearing is based in Toronto and is affiliated to Fidelity Investments in the US. The firm currently has over $3 trillion in institutional assets under administration.
We hold cash accounts and Guaranteed Investment Certificates at Manulife Bank, a Canadian Schedule A Chartered Bank. Funds held at Manulife are protected by Canada Deposit Insurance Corporation, subject to stipulated limits.
Disclaimer: The information contained in this material is intended solely for information purposes and is not an offer or solicitation to buy or sell any security nor does it provide individual financial, legal, tax or investment advice. It should not be used or construed as an indicator of future performances. There is no guarantee that Meridius SMA offering will out-perform its stated benchmark.