3. 3
HAHN Investment Stewards
Global macro investment manager
Thematic. Opportunistic. Pragmatic.
Longest track record managing global balanced
portfolios exclusively utilizing ETFs
“One of the best and brightest” working in the ETF
industry (Source: ETF.com)
Member, CNBC’s ETF Advisory Council
(est. April 2013)
Established track record, low “draw-down” style
Institutional process - documented, disciplined, proven
Key Distinctives
4. 4
HAHN Investment Stewards
HAHN: Founded in 2001
Owned 72% by Industrial Alliance
Insurance and Financial Services Inc. (IA)
and remainder by key employees
Part of the IA family of wealth management
companies, together serving $102.7B in
client assets
IA (listed as IAG on TSX)
Founded 1892
Canada’s 4th largest life & health insurance
company
Operations across Canada and the United States
History and Ownership
5. 5
Wilfred J. Hahn, Chairman and co-Chief Investment Officer
Over three decades of international investment industry experience as a global strategist,
portfolio manager and business head. Former Head of Royal Bank Global Investment Group,
managing pension, mutual and private client portfolios with global assets over $13 Billion
(CAD).
Mark Arthur, CFA, Chief Executive Officer and Director
Mark Arthur is the President of IA Private Wealth Management. Prior to this, Mr. Arthur was the
President of predecessor company Jovian Capital Corporation. Up until 2002, Mark was
President, CIO and Director of RBC Global Investment Management Inc., Vice President
Investments and Director of Royal Mutual Funds and Chairman of RBC Investments Global
Investment Strategy Committee.
Tyler Mordy, CFA, President and co-Chief Investment Officer
Recognized innovator in the design and application of “global macro” managed ETF portfolios,
and widely quoted and interviewed by the financial media for his global investment strategy
views as well as ETF trends. Recently, ETF.com profiled Tyler Mordy as one of the “best and
brightest” working in the ETF industry. CNBC has also called him one of the “best independent
ETF experts”. Formerly with Deutsche Asset Management in London, UK.
Ken Hawkins, Research Manager
Ken Hawkins has over 25 years experience in the investment management industry, including
roles in portfolio management, investment consulting, quantitative research and investment
strategy. Prior joining HAHN, Ken was Chief Investment Strategist at Weigh House Investor
Services responsible for setting asset mix policy, due diligence and selection of investment
management firms used by clients.
HAHN Investment Strategy Committee
Seasoned, Global Macro Team
6. 6
Global Macro ETF Strategies
Core and Focus Strategies Tailored to Client Need
HAHN Core Strategies HAHN Focus Strategies
Conservative Core Global Income Focus
Moderate Core Global Balanced Focus
Aggressive Core Global Growth Focus
Special Opportunities Focus
CORE
Diversified solutions
SATELLITE
Completion solutions
7. 7
Attractive Long-term Record
HAHN Moderate Core Portfolio
Out-performance through Downside Protection
1. Benchmark performances do not include the impact of any fees. The composite benchmark for this portfolio is comprised of the following indices and weights: CAD 90-day Treasury Bill Index (5%), MSCI ACWI Index in $Cdn (25%), S&P/TSX
Composite Index (25%), Citigroup World BIG Bond Index in $Cdn (22.5%), and FTSE TMX Canada Universe Bond Index (22.5%).
2. Performance statistics for Managed ETF Portfolios are calculated from documented actual investment strategies as set by HAHN’s Investment Committee and applied to its portfolios mandates, and are intended to provide an approximation of
composite results for client separately-managed accounts. Actual performance of individual separate accounts may vary with average gross “composite” performance statistics presented here due to client-specific portfolio differences with
respect to size, inflow/outflow history and inception dates, as well as intra-day market volatilities versus daily closing prices. Performance figures provided are net of total ETF expense ratios and custody fees, but before transaction costs,
withholding taxes, and other investment management and advisor fees. Past investment results provide no indication of future performance. Future returns are dependent on the general financial investment environment, the nature of the
portfolio mandate and active investment strategies and risks. World Equity Index - MSCI Developed World Index TR (CAD). World Bond Index - Citigroup World BIG Bond Index TR (CAD). Volatility measured as standard deviation.
9. 9
HAHN Philosophy
Global Macro (Thematic)
Portfolio risk and return are increasingly globally connected and driven by macro-
economic themes. A global perspective is essential in all investment decisions
and provides the broadest opportunity for return potential and risk reduction.
Actively Managed (Opportunistic)
HAHN actively shifts and tacks portfolio asset-type exposure to take
advantage of well-priced opportunities and avoid pronounced risk. The result is
stable performance and low downside risk.
ETF Portfolios (Pragmatic)
HAHN uses ETFs to gain diversified access to the broadest possible range of
asset types globally. ETFs’ liquidity, cost-effectiveness and transparency make
them ideal portfolio management building blocks and facilitate HAHN’s active
asset mix approach.
Thematic, Opportunistic, Pragmatic
10. 10
Risk Sensitivity is in Our DNA
“All the classical signs of a financial bubble are
clearly evident today. The whole story about
extraordinary productivity and profit growth in
today’s economy is mostly a fable.”
11. 11
Tactical Asset Mix Changes
Global Balanced Benchmark Portfolio - June 2003 – June 2015
Opportunistic
12. 12
ETF-only Portfolio Construction
The Pragmatic Choice for Global, Active Management Since 2003
ETF Selection Criteria
• Strategy Mapping
• Index Construction
• Diversification
• Low Tracking Error
• Liquidity
• Expense
• Unique Factors
Portfolio Management Benefits
• Diversification
• Liquidity
• Tax efficiency
• Low cost
• Transparency
13. 13
HAHN Moderate Core Portfolio
Tactical within Defined Policy Ranges
1. Current strategies represent actual investment policies, including opportunity assets, implemented in the portfolio.
14. 14
HAHN Moderate Core Portfolio
Global, Multi-asset
1. Current strategies represent actual investment policies, including opportunity assets, implemented in the portfolio.
2. The total weighted portfolio yield is calculated by multiplying the weight of an individual ETF by its 12 month yield for equity ETFs and yield to maturity for fixed income ETFs and summing the results
for the total portfolio. The 12 month yield is the sum of an ETF's total trailing 12-month interest and dividend payments divided by the last month’s ending share price (NAV) plus any capital gains
distributed over the same period. Data supplied by Morningstar.
