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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 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.
To Learn more about The One Investment Program including program objective, available portfolios, performance and fees, review the Program Overview.
What municipalities are saying about the
One
Investment Program - view testimonials.
Change in One Program day-to-day administration
The One Investment Program is jointly administered by LAS and The CHUMS Financing Corporation, which are wholly owned subsidiaries of AMO and MFOA, respectively. The Program has been in operation for 19 years and during this time both LAS and CHUMS have acted as program administrator on a rotating term basis.
Due to a recent staff departure at MFOA/CHUMS, LAS has again assumed the administration role for The One Investment Program, effectively immediately. All service providers related to the program, including our portfolio managers, will remain unchanged. Click here for more information.
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May 2012
View April 2012 Performance Update
View prior period Program Performance
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February 2012
With 4 investment options, 93 municipal investors, and approx. $500 million invested, the One Program continues to offers a great way to enhance municipal investment returns with professional money management and appropriate investment diversification. Review the attached 2011 Year End (4th quarter) One Program Report.
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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.
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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.
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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.
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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.
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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 ]
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- 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
Money
Market
Portfolio |
A cornerstone
of The One Investment Program, the Money Market
Portfolio preserves capital and maintains liquidity
while maximizing short-term income through a
diversified holding of Canadian Treasury Bills
and high quality commercial paper. The Portfolio
produces the highest degree of security over
the short or long term.
For more information, please see the Money
Market Fact Sheet.
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Bond
Portfolio |
The original
product of The One Investment program,
the Bond Portfolio can provide a higher return
over longer investment horizons than the Money
Market Portfolio. These higher returns are garnered
primarily through investment in a diversified
selection of federal, provincial and municipal
bonds maturing within five years, as well as
high quality bank paper.
For more information please see the Bond
Fact Sheet |
Equity
Portfolio |
The
One Equity Portfolio, launched in 2007, is
the only opportunity for Ontario municipalities
to invest long-term infrastructure funds
in the equity market. Since inception the
One portfolio has outperformed the major
Canadian stock indices, and should outperform
all other investment vehicles available to
the sector in the longer term.
For more information, please see the Equity
Fact Sheet and Equity
Portfolio Benchmark Structure Sheet. |
UCB
Portfolio |
This newer
One portfolio, launched in the summer of 2008,
allows municipalities to invest in highly rated
corporate bonds maturing in the 5 to 10 year
range, thereby providing higher returns than
government bonds for longer-term deposits. This
investment type is only available to Ontario
municipalities through the One Program. This
Fund is intended for investments of 4-10 years.
For more information, please see the Corporate
Bond Fact Sheet
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Balanced
Portfolio |
Ready to Launch – This portfolio will offer
controlled access to all existing One investment
portfolios, including equities, and will provide
greater return opportunity over longer investment
terms. Portfolio investment guidelines will be
frequently reviewed and analyzed by our portfolio
managers. For mor Information, please the Balanced Portfolio Fact Sheet |
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