This is how the pros actually go about making money from bonds
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountKevin Foley is Managing Director, Institutional Accounts at YTM Capital, a Canadian asset manager specializing in credit and mortgage funds. He spent two decades trading and managing fixed income at a major Canadian bank and serves on several Canadian foundation boards and investment [email protected] total return of Canada’s broad bond index, including the interest income it pays, is still below its August 2020 peak. Seventy-one months later, investors who owned it then - or the funds that replicate it - are still underwater.That’s remarkable.
- ▪ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountKevin Foley is Managing Director, Institutional Accounts at YTM Capital, a Canadian asset manager specializing in credit and mortgage funds.
- ▪He spent two decades trading and managing fixed income at a major Canadian bank and serves on several Canadian foundation boards and investment [email protected] total return of Canada’s broad bond index, including th
- ▪Seventy-one months later, investors who owned it then - or the funds that replicate it - are still underwater.That’s remarkable.
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Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountKevin Foley is Managing Director, Institutional Accounts at YTM Capital, a Canadian asset manager specializing in credit and mortgage funds. He spent two decades trading and managing fixed income at a major Canadian bank and serves on several Canadian foundation boards and investment [email protected] total return of Canada’s broad bond index, including the interest income it pays, is still below its August 2020 peak. Seventy-one months later, investors who owned it then - or the funds that replicate it - are still underwater.That’s remarkable. But it doesn’t prove that bonds no longer belong in portfolios.
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