Commentary Archives

Insights

At Lysander Funds we strive to inform and educate Canadian investors. In this section you'll find resources that highlight the thinking of our Portfolio Managers.

Canso Market Observer – April 2022

The first quarter of 2022 saw the violent invasion of Ukraine by Russia. This upended the peaceful order in Europe that existed after the end of the Cold War between the Soviet Union and the NATO…

Canso Corporate Bond Newsletter – February 2022

Lather, Rinse, Repeat We started 2021 talking the pandemic and central banks. We ended the year talking the pandemic and central banks. In January, U.S. headline inflation hit 7.5% for the first time in nearly 40…

The Interest Rate Tide is Shifting – Is your Bond Portfolio Prepared?

Inflating yields There are growing concerns the Bank of Canada is falling behind in achieving its stated mandate of “using its monetary policy framework to keep inflation low and stable”1. As illustrated in Chart 1, in…

To the Moon and Back

Series F of Lysander-Fulcra Corporate Securities Fund (the “Fund”) returned 11.1 % in 2021. This marked the 3rd best annual result since the Fund’s inception. Someone visiting the planet for the first time might think this…

Canso Market Observer – January 2022

Rejoicing Markets The financial markets in 2021 continued to rejoice in the plentiful supply, if not oversupply, of money. As the table below shows, all the conventional money produced by central banks proved popular with investors,…

Canso Market Observer – December 2021

We apologize that we haven’t published a Market Observer since May 2021. We were waiting for the markets to settle down and obviously, they haven’t. Frankly, most of our tardiness stems from our astonishment at the…