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The responsibility for investing the Plan’s assets rests
with external investment managers under the direction of the Investment
Committee and the Audit Committee of the MTS Board of Directors. The
investment managers and the types of assets that they manage are as
follows:
- AllianceBernstein Institutional Investment
Management (international
equities)
- Beutel, Goodman & Company
(Canadian equities and Canadian bonds)
- BonaVista Asset Management
(Canadian equities)
- GWL Investment Management
(indexed Canadian equities, real estate and mortgages)
- MFS Investment Management
(international equities)
- Natcan Investment Management
(small capitalization Canadian
equities)
- Phillips, Hager &
North Investment Management
(Canadian bonds)
- Sprucegrove Investment Management
(U.S. and international equities)
- T. Rowe Price Associates
(U.S. equities)
The Plan's investment managers were chosen for the
following:
- the quality and
experience of their investment management teams;
- their investment approach
and style;
- their investment
performance track record over several market cycles;
- the level of fees they
charge.
Where more than one investment manager directs the investment
of a single asset type, such as Canadian equities, the investment
managers were chosen for their complementary investment styles.
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