Welcome

The One Investment Program is a pooled investment program designed specifically for the municipal and broader Ontario public sector that has consistently provided strong rates of return.

Established in 1993, The One Investment Program (One) is operated jointly by Local Authority Services Limited (LAS) and The CHUMS Financing Corporation, wholly owned subsidiaries of The Association of Municipalities of Ontario and The Municipal Finance Officers’ Association of Ontario, respectively. One is a pooled program whereby the deposits of multiple participating municipalities and eligible public sector organizations are jointly invested, and managed by professional portfolio managers.

The program provides an investment vehicle for almost 100 Ontario municipalities and organization from the broader Ontario public sector. Because of the large program investment base, One is able to offer a range of investment options unavailable to most individual municipal investors directly.

For more Information please see our four portfolios below or download the One Program Overview.

What municipalities are saying about the One Investment Program - view testimonials.

Whats New With One?

	January 2012 December 2011 Performance Update View prior period Program Performance
	November 2011 While down 10% YTD due to a struggling world economy, the One Equity Portfolio is performing almost 10% ahead of the S&P TSX Composite on a non-annualized basis since inception (at January 2007). View the 3rd Quarter Report.
	November 2011 October 2011 Performance Update View prior period Program Performance
	August 2011 Q2 2011 saw improved returns for both the One Investment Program Money Market and Bond Portfolios, along with a rebound in Equity Portfolio returns, and growth in the Universe Corporate Bond Portfolio.  The Q2 ending investment balance exceeded $500M.  Learn more – read the Q2 Report.
	June 2011 The Program Q1 average balance is $91M above the average same period balance for the previous decade.  This is due to very competitive short term and long term interest rates.  View the Q1 2011 Report to see how much extra investment income your municipality could earn with the One Program.
	March 2011 2010 average investment in the One Program was $535 million, exceeding the 2009 average by 7%, and greater than any average balance over the last decade.  The continuing growth of the One Program is due to both strong investment returns and superior investor service.  Read the One Investment Program 2010 Year End Report.
	2010 Second and Third Quarter One Investment Program Reports With four available portfolios and a continuing trend of strong investment returns and growing investment balances, the One Program offers a very competitive investment option for Ontario municipalities regardless of their investment horizon. Read the reports: 2010 Second Quarter Report and 2010 Third Quarter Report.
	June 2010 Market update from One's portfolio Managers.
	2010 Restated Agency Agreement One issued a restated Agency Agreement in March 2010 for execution by all program investors.  The purpose of the restated agreement is to revise current agreement wording to better reflect the operation of the program as a co-investment strategy.  View the Q&A we prepared for investors related to this document [ read more ]
	2010 First Quarter One Investment Program Report Period ending investment balances for Q1 exceed all similar periods since 2000. This is a result of strong investment performance across all One portfolios.  In addition, our investment managers have noted their continued confidence in the medium-long term performance prospects for One’s fixed income and equity portfolios – read the report to learn more.
	2009 Annual Report Learn how our four investment portfolios continue to outperform other public sector investment alternatives, and how One provides added value to our investors. Download the report. Total investment in One was $527M at year-end 2009, exceeding the 2008 year-end balance by 28.7%. The Money Market Portfolio returned 0.75% for 2009, exceeding the Bank Prime less 1.75% return by 3.4 basis points Average two year Bond Portfolio returns in 2009 exceeded the two year Bank Prime less 1.75% return by 178 basis points
	December 2009 All One Portfolio Fact Sheets have been updated to December 2009 – See links in ‘Products’ section below.
	October 2009 Investment Basics and Beyond – municipal education seminars attracted more than 130 municipal attendees last year!  More sessions to be offered in Fall 2010.

Key Benefits of Investing with One

• Guaranteed compliance with all municipal investment regulations
• Access to investment types unavailable to most individual municipalities
• Enhanced returns from economies of scale purchases and active investment strategies
• Regular investor reporting
• Oversight by your municipal peers and a independent investment consultant
• Professional investment management and legal advice (for the program)
• Investment diversification
• Flexibility and Liquidity with no minimum investment term
• Professional accounting and reporting of all investment activity
• 24/7 access to investor account information via a protected website

Products