Dan Bastasic joined iA Clarington in 2011 and is the lead portfolio manager for the IA Clarington Focused Balanced Fund, IA Clarington Focused Balanced Class, IA Clarington Strategic Funds, and IA Clarington Tactical Income Class. He specializes in equity income, high-yield corporate bonds and investment grade corporate bonds.
Prior to joining iA Clarington, Dan was a lead portfolio manager on several equity-income, fixed-income and balanced mandates at a large Canadian investment firm. Previously, he was an analyst at a large Canadian utility company.
Dan has over 20 years of investment experience. He holds a Bachelor of Commerce (finance) and Master of Business Administration (MBA) from the University of Windsor, and the Chartered Financial Analyst (CFA) designation. He is a member of the CFA Society Toronto.
Read Dan's monthly commentaries.
Dan aims to provide investors with stable income options. He uses a value-oriented, bottom-up approach for both equities and fixed income and constantly monitors and fine tunes his portfolios by maintaining a 12-month strategic outlook on the markets.
Key features of Dan’s approach:
- Focus on absolute returns
- High-conviction, value-based security selection
- Fundamental-driven valuation and quantitative analysis
- Macro analysis of systemic risks and opportunities
- Risk management through diversification and currency management
- Safety of income.
- Cash flow sustainability.
- Earnings consistency.
- Quantitative analysis.
- Business and industry analysis.
- Income statement and balance sheet analysis – liquidation value scenarios.
- Estimate of net asset value.
- Discounted cash flow analysis:
- What is the firm worth privately?
- What are the assets actually worth?
- In a liquidation scenario or in a takeover scenario, what is the firm worth?
- Comparison of company to industry multiples – market valuations, ROE, earnings vs. the market.
- Doesn’t buy based on P/E or book value alone.
- Portfolio based on value and margin of safety.
- Focus on core holdings within each sector.
- Absolute return focus.
- Due diligence (tour companies).
- Deep industry understanding.
Catalyst for change
- Dan and his team look for a catalyst or a “free option” with potential investments; these are pockets of value or expected business changes that may not be reflected in the current price of the security.
Dan's investment philosophy
- IA Clarington Focused Balanced Class
- IA Clarington Focused Balanced Fund
- IA Clarington Strategic Corporate Bond Fund
- IA Clarington Strategic Equity Income Fund
- IA Clarington Strategic Equity Income Class
- IA Clarington Strategic Equity Income GIF
- IA Clarington Strategic Income Fund
- IA Clarington Strategic Income GIF
- IA Clarington Strategic U.S. Growth & Income Fund
- IA Clarington Tactical Income Class
Opportunity and risk in the North American equity and high-yield marketsOpportunity and risk in the North American equity and high-yield markets
While a repeat of last year’s performance isn’t the most likely outcome, the North American equity and high-yield bond markets appear...Read summaryLire le sommaire
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The outlook for North American equities and high-yield bondsThe outlook for North American equities and high-yield bonds
North American equities and high-yield bonds have had a great run, and it’s likely not over yet. In this video, portfolio manager Dan Bastasic explains...Read summaryLire le sommaire
An update on IA Clarington Core Plus Bond Fund & IA Clarington Floating Rate Income FundAn update on IA Clarington Core Plus Bond Fund & IA Clarington Floating Rate Income Fund
Portfolio manager Jeff Sujitno provides an update on how he’s positioning his mandates and explains his strategies for mitigating risk.Read summaryLire le sommaire
Navigating uncertainty with quality, responsible investmentsNavigating uncertainty with quality, responsible investments
In this video, portfolio manager Andrew Simpson explains how his focus on high-quality global companies with strong ESG credentials has...Read summaryLire le sommaire
Fixed income has been printing outsized returns so far this year, but with the collapse of sovereign yields, longer-term return expectations should be...Read summaryLire le sommaire
Trade tensions, economic growth concerns and market volatility have challenged global equity investors throughout 2019...Read summaryLire le sommaire
In an environment where many quality companies are trading at elevated valuations, where should investors look for value stocks with attractive long-term potential?Read summaryLire le sommaire
Dividend growth opportunities in the U.S. and CanadaDividend growth opportunities in the U.S. and Canada
It’s one thing to pay a strong dividend, but quite another to maintain and grow it over time. In this video, portfolio manager Donny Moss explains why he focuses on identifying high-quality businesses with attractive potential for consistent, long-term dividend growth.Read summaryLire le sommaire
Small- and mid-cap (SMID) stocks have historically offered superior alpha opportunities, but risk-conscious investing in this space requires an active, highly selective approach focused on quality, growing companies trading at attractive valuations.Read summaryLire le sommaire
Uncovering alpha opportunities in a rapidly changing worldUncovering alpha opportunities in a rapidly changing world
The accelerated pace of technology-driven change is creating both opportunities and risks for global equity and fixed-income investors.Read summaryLire le sommaire
Global equity valuations have rarely been more challenging, but portfolio manager Joe Jugovic is still finding opportunity in select areas of the market.Read summaryLire le sommaire
The markets have had a great start to the year, and the conditions for continued positive momentum are beginning to take shape...Read summaryLire le sommaire
The last month of 2018 was a difficult one for equity investors, but for Joe Jugovic, it was a perfect opportunity to top up his positions in some of his favourite value names.