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 – 2019 August

If you’re wondering about what is going on in the financial markets, you are not alone. There are so many cross currents in the financial markets at present that many highly educated and very smart people…

Corporate Bonds or Government Bonds?

Ian Marthinsen, CFA, Portfolio Manager

The Corporate Bond Trifecta Many would agree that two core tenets of owning bonds in an investment portfolio are to generate income (yield) and provide capital protection. When building a bond portfolio, one of the most…

Canso Corporate Bond Newsletter – 2019 June

With summer fast approaching, life could not be better for some. Toronto Raptors fans, the graduating class of Morehouse College and aging rocker Mick Jagger, to name just a few. The future is decidedly less bright…

Beware of Falling Interest Rates: Your Bonds May Be Riskier Than You Think!

Ian Marthinsen, CFA, Portfolio Manager

Duration Rally! Canadian interest rates have been on a rollercoaster ride over the past 16-months. After moving higher for much of 2018 and peaking on October 5th, 2018, the Canada 10-year yield plummeted over the following…

Fulcra Commentary: Q1 2019

The high yield corporate bond market got out of the gates of 2019 like “The Stig”1 testing the 0 – 60 mph capabilities of a Tesla S. The first quarter performance of the ICE BofAML US…

Reduce Portfolio Risk & Discover Value in a Little-Known Area of the High Yield Bond Market

Ian Marthinsen, CFA, Portfolio Manager

The Holy Grail? Any investment professional can tell you about the “holy grail” of investing – an investment with great return potential and no risk. Unfortunately, as the saying goes, there are no free lunches. With…