Dan Bastasic
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'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 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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Investing in all-cap U.S. equity opportunitiesInvesting in all-cap U.S. equity opportunities
In an environment where many quality companies are trading at elevated valuations, where should investors look for value stocks with attractive long-term potential?
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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.
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Finding alpha in quality, growth and valueFinding alpha in quality, growth and value
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.
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An outcome-focused approach to global growthAn outcome-focused approach to global growth
The outlook for global growth is improving, and one sign of this trend is the uptick in business investment.
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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.
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Finding opportunity in challenging global marketsFinding opportunity in challenging global markets
Global equity valuations have rarely been more challenging, but portfolio manager Joe Jugovic is still finding opportunity in select areas of the market.
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Opportunities in equities and high-yield bondsOpportunities in equities and high-yield bonds
The markets have had a great start to the year, and the conditions for continued positive momentum are beginning to take shape...
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Investing in quality and long-term valueInvesting in quality and long-term value
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.
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Investing for long-term valueInvesting for long-term value
Market turbulence and economic headwinds have many investors on edge...
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A look back at 2018, and ahead to 2019A look back at 2018, and ahead to 2019
This past year was a challenging one for investors, but Clément Gignac believes opportunity lies on the other side of recent volatility.
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Buying the dips in a maturing cycleBuying the dips in a maturing cycle
Many investors are concerned about recent market volatility, but not so for portfolio manager Peter Prattas.
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Finding opportunity in an elevated risk environmentFinding opportunity in an elevated risk environment
Market volatility and slowing global economic growth are widening the gap between winning and losing asset classes and securities....
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Capturing alpha opportunities across the market cycleCapturing alpha opportunities across the market cycle
In this wide-ranging video commentary, Eileen Riley provides an update on the performance of IA Clarington Global Allocation Fund...
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Challenges and opportunities in fixed incomeChallenges and opportunities in fixed income
Rising interest rates and widening spreads have been major headwinds for many fixed-income funds recently...
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Flexible options for a mid-cycle environmentFlexible options for a mid-cycle environment
Many industry analysts suggest we’re in the later stages of the current market cycle...
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Unearthing value opportunities across the globeUnearthing value opportunities across the globe
Being a disciplined value investor requires an ability to break from the crowd and invest amid widespread pessimism...
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