Canadian Core Plus Fixed Income Strategy

The strategy offers dynamic exposure to core Canadian, U.S. high-yield, and global bond investment universes, while seeking enhanced total return opportunities through taking an active approach to credit quality and sector allocation, security selection, and yield curve management.

 

Philosophy

We believe that there are pockets of value in the fixed-income market. Thorough credit and curve analysis enables us to identify and exploit these values in the pursuit of attractive long-term returns while minimizing risk. We believe that a core Canadian bond portfolio plus selective investments in U.S. high-yield and global bonds offers the potential for enhanced risk-adjusted returns. Within this framework we generate innovative investment ideas and develop state-of-the-art portfolio management techniques, allowing us to be at the forefront of the investment industry.

Managed by

Roshan Thiru, CFA

Head, Canadian Fixed Income

Roshan is the head of the Canadian fixed-income team. He’s responsible for the Toronto- and Montreal-based fixed-income and money market teams that manage client portfolios in actively managed Canadian fixed-income strategies, including fixed-income balanced and other customized mandates. Previously, he was a senior portfolio manager focusing on investment-grade corporate debt mandates. Prior to joining the firm, Roshan was a lead analyst with DBRS, covering the energy, project finance, and utilities sectors and, before that, he worked as an institutional credit risk manager at RBC Financial Group and as an analyst at Foyston, Gordon & Payne. He holds the Chartered Financial Analyst designation.

  • Education: B.A. in Economics, McMaster University; diploma in accounting, Wilfrid Laurier University; M.B.A., University of Windsor
  • Joined the company: 2008
  • Began career: 2000 
Roshan Thiru, CFA

Sivan Nair, CFA

Senior Portfolio Manager, Canadian Fixed Income

Sivan joined the Canadian fixed-income team in 2010. His duties include contributing to the overall portfolio management of the team’s client accounts. His specialties include interest-rate management, sovereign credit analysis, investment-grade corporate credit management, asset allocation, and interest-rate derivative strategies. Sivan began at the firm as a member of the global product management and development team, where he worked on firmwide investment strategies. Prior to that, he was a senior business analyst for the firm’s John Hancock Retirement division. Sivan holds the Chartered Financial Analyst designation.

  • Education: B.E., Engineering, Electronics and Communications, M.S. University; M.B.A., Finance, University of British Columbia
  • Joined Company: 2003
  • Began Career: 2003
Sivan Nair, CFA

Altaf Nanji, CFA

Portfolio Manager, Canadian Fixed Income

Altaf is responsible for managing client portfolios for the Canadian fixed-income team. He also represented the firm, for a two-year term ended in 2020, as the only Canadian member on the Fixed-Income Advisory Committee of the United Nations-supported Principles for Responsible Investment (PRI), a committee of international representatives mandated to deliver research, tools, and events to support PRI signatories globally.  Altaf is also a member of the firm’s sustainable investment committee.

Prior to joining the firm, Altaf was head of Canadian credit research at RBC Capital Markets. His other previous roles included working as a senior financial analyst at DBRS and as a financial analyst and manager with the Canadian government’s Office of the Superintendent of Financial Institutions. Altaf holds the Chartered Financial Analyst designation. 

  • Education: B.A., Economics and History, University of Toronto; M.B.A., York University
  • Joined the company: 2014
  • Began career: 1998
Altaf Nanji, CFA

Vehicles

At Manulife Investment Management, we offer investment strategies through a variety of vehicles to suit a broad range of client needs. Contact our institutional sales or consultant relations team to find out if this strategy/vehicle is offered in your region. 

  • Separate accounts

    Our separate accounts and separately managed accounts (SMAs) are designed for institutions and high-net-worth clients seeking tailored investment solutions and direct ownership of securities. 

  • CITs

    Our professionally managed collective investment trusts (CITs) are available in certain qualified retirement plans.

  • Mutual funds

    Mutual funds are liquid, professionally managed portfolios which are available to both institutional and retail investors.

Key facts

  • Inception date

    July 2005

  • Strategy AUM (CAD)

    $1.5 billion

  • Benchmark

    FTSE Canada Universe Bond Total Return Index

  • Style

    Multidiscipline

  • Average portfolio manager experience

    21 years

Important disclosures

All information shown is as of March 31, 2021, unless otherwise indicated. Strategy-level information may differ from vehicle-specific information. Not all vehicles are available in all locations and may be offered through affiliates of Manulife Investment Management.

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