Wellington Management

Deep history

The parent company Wellington Management Group LLP (Wellington) was established in 1928

Global scale

One of the largest asset managers in the world, Wellington is independently owned with more than $1.25 trillion in assets under management 

Investment process

Wellington Management Canada ULC is the subadvisor for Sun Life Wellington Opportunistic Fixed Income Private Pool, a globally diversified alternative fixed income solution. The portfolio management team has the flexibility to pursue the most attractive, risk-adjusted total returns across all of global fixed income, while seeking volatility similar to core bonds. They seek to provide dynamic rotation across global governments, inflation-linked, corporates, securitized, high yield, bank loans, emerging markets and convertibles. The team can invest truly anywhere, by investing in every sector, region, and security type across the broadest global fixed income investment universe.

The objective of the investment process is to construct a benchmark-agnostic portfolio designed to maximize total return with a long-term volatility profile in line with core fixed income. The portfolio construction process combines three distinct return drivers:

Strategic Sector

Market Neutral

Tactical

1-5 years

1-3 months

1-12 months
  • Longer-term thematic allocations to out-of-favour sectors where we believe we have uncovered both value and a catalyst for positive structural change.
  • Sector allocations combine top-down macro views with sector-specialist skills.
  • Relative value positions seek returns with low correlations to broad fixed income risk factors
  • Aim for downside mitigation in negative markets
  • Aim to profit by capturing shorter-term mispricing across global rates, credit and currency
  • May present additional total return prospects and low correlation to existing themes in the fund

Fund sub-advised

A high-conviction, unconstrained portfolio of global fixed income securities seeking core-like volatility that can complement a core fixed income portfolio.

Sun Life Wellington Opportunistic Fixed Income Private Pool

Information is for Wellington Management group of companies as of June 30, 2023 in Canadian dollars. Wellington Management refers to Wellington Management Canada ULC; part of Wellington Management Group LLP.

1Fixed income relative value trading is an approach that attempts to capture mispricing opportunities by taking both long and short positions in different sectors.