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.

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…

How to Interest-Rate-Proof your Fixed Income: Understanding Floating Rate Notes

Ian Marthinsen, CFA, Portfolio Manager

A New Paradigm for Interest Rates 2021 has been a rough year for the Canadian bond market, and it may only be the beginning of more pain to come. The FTSE Canada Universe Bond Index, which…

Canso Corporate Bond Newsletter – October 2021

Best Day Ever! Jeff Bezos declared the few short minutes aboard his New Shepard space capsule his “best day ever!” which is really saying something given he’s the world’s richest person and father of four children.…

Alternative Fixed Income: A Strategic Complement to Fixed Income or Equity Allocations

Ian Marthinsen, CFA, Portfolio Manager

A New Normal for Fixed Income? Q1 2021 was a watershed moment for bond investors, as it demonstrated just how much risk there was in traditional high-quality bond portfolios such as the FTSE Canada All Corporate…