State Street Global Advisors(SSgA)has launched its active Canadian fixed income strategy, a risk-controlled approach for core fixed income investors.

The strategy is designed to add steady returns over the Scotia Capital Universe Bond Index by taking active positions across many different strategies.

It aims to generate excess annualized returns of 50 to 75 basis points over a rolling four-year period.

The strategy will “capitalize on true market inefficiencies,” says Carl Bang, senior managing director of SSgA Canada.

The Halifax Regional Municipality Pension Plan is the initial investor in the new active strategy.

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