RESERVE FUND INVESTMENTS
Who are Reserve Funds for?
It is appropriate for condo boards who want to invest in more than GICs. The model is a blend of equity, fixed income, and cash equivalents. Returns are expected to have minimal volatility.
How do we
manage this investment?
Qube constructed the Reserve Fund Portfolio to follow Schedule 2 Rules, an addendum to the Alberta Condominium Property Act (CPA). In the Portfolio Qube holds:
15% Public Equities (Kaleo Portfolio)
35% Government Fixed Income
35% Corporate Fixed Income
15% Money Market Funds
Performance is measured on a three-year return net of fees. This portfolio’s benchmark is 7.5% MSCI World Index, 7.5% S&P TSX Total Return Index, 70% iShares Core Canadian Universe Bond Index, and 15% Cash CAD.
Qube’s Reserve Fund Investment Model
You can receive more detailed information from Qube’s team. Please consult professional advice prior to investing to ensure your investment is appropriate based on your tolerance for risk.
Client Relations Contact: Michael Baker, MBA