Dan Bastasic
Dan Bastasic joined iA Clarington in 2011 and is the lead portfolio manager for the IA Clarington Strategic Funds and IA Clarington Tactical Income Class. He specializes in equity income, high-yield corporate bonds and investment grade corporate bonds.
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.
Read Dan's latest market insights
Dan's philosophy
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
Sustainability
- Safety of income.
- Cash flow sustainability.
Profitability
- Earnings consistency.
- Quantitative analysis.
Valuation
- 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.
Risk analysis
- 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
Funds managed
- IA Clarington Focused Balanced Class
- IA Clarington Focused Balanced Fund
- IA Clarington Growth & Income 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
VideoVidéo
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Global equity opportunities for long-term investorsGlobal equity opportunities for long-term investors
Portfolio manager Lee Rosenbaum is looking for businesses with three main features: quality, intrinsic value growth and attractive valuations...
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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...
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Opportunities for alpha across the globeOpportunities for alpha across the globe
In this video, portfolio manager Clément Gignac explains...
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Opportunities in the North American Equity MarketOpportunities in the North American Equity Market
In this video, portfolio manager Donny Moss...
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Positioning for a rotation into cyclicalsPositioning for a rotation into cyclicals
In this video, portfolio manager Sunny Ng identifies...
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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...
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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...
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