Liquidity Management

TDAM Canadian Treasury Management

At a Glance

We believe in and adhere to a management style that prioritizes safety of principal, liquidity and benchmark outperformance as key objectives in prudently managing our clients' money market assets.

Safety, Liquidity, Outperformance

Extensive independent credit research.
Same-day liquidity.
Competitive fees and reduced expenses.

Established track record.
Disciplined risk management.

Philosophy and approach

We believe the most predictable way to outperform a defined fixed income benchmark is to combine extensive independent credit research and stringent security selection with in-depth yield curve analysis, within a highly- disciplined portfolio construction methodology.

Investment Process:

Macroeconomic Analysis:

Our research process starts with an evaluation of the macroeconomic landscape. We undertake a country-by-country review focusing on central bank policy, and key economic indicators.

Independent Credit Research.

We focus on an issuer’s ability to make timely interest and principal repayments, in addition to management’s ability to operate effectively in the current political, regulatory, and economic environments.
Portfolio Construction:

With an understanding of both market and issuer specific risks, portfolios are constructed to help ensure capital preservation, risk control and long-term added value. Portfolios are structured with a continuous maturity profile which produces a high degree of liquidity with minimal transaction costs

ESG

Environment, Social, and Governance (ESG) integration aligns with our philosophy of seeking investments in sustainable, long-term assets through a risk-managed process. We strive for a fully integrated ESG engagement process in our investment products.

Our Fundamental Equity Investment team integrates ESG factors directly into their investment analysis through a process involving the following central components:

Systematic ESG Reviews: We look at a number of ESG indicators that we believe apply to all industry sectors and elevate any issues that could put a company’s expected earnings at risk. Each company research report incorporates an ESG assessment, ensuring concerns around ESG risk exposures are reviewed, updated, and evaluated by our sector analysts.

Thematic ESG Research: We produce broad thematic ESG research on topics that have the potential to highly impact the companies in which TDAM invests. We have found this to be the best way to highlight the structural changes to various sectors and impacts to the companies themselves.

Active Ownership. Our in-depth research helps inform our commitment to active ownership. We strive to be active owners by engaging with the companies in which we invest and by taking advantage of our voting rights to help effect change. Our intent is to both improve corporate ESG disclosures as well as improve companies' ESG-related practices.

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