Asset Allocation

We believe decisions regarding an appropriate mix of cash, fixed income, and equities are crucial to satisfying expectations regarding long term portfolio performance.

Good asset mix decisions can only be made after a thorough analysis of each client's circumstances and tolerance for risk. Over time, should changing capital markets or personal circumstances warrant a shift in asset mix, DORCHESTER's portfolio managers have the flexibility and the expertise to adjust portfolios accordingly.

We do not believe that frequent wholesale changes to asset mix or attempts to time the market add value over the long term.

Portfolio Construction

DORCHESTER believes in a disciplined approach to portfolio construction. Research drives this process and our portfolio managers augment their own fundamental, quantitative, and technical analysis with the best of outside research provided by the North American brokerage community and top ranked private services retained by our firm.

Our approach to portfolio management emphasizes individual security analysis and selection, but not at the expense of fully understanding the secular and cyclical forces shaping the financial and economic environment.

Broad, global themes are discussed at regular meetings with a view to reaching a consensus outlook for the economy and capital markets. Once a client's personal investment policy is established, our reading of the business cycle will be an important factor in determining our recommendations regarding asset class and industry group relative weightings.