Cutting Your Losses? With High-Yield ETFs, Maybe It’s Time
Cutting Your Losses? With High-Yield ETFs, Maybe It’s Time by Gershon Distenfeld, Director, High Yield, AllianceBernstein If you bought a high-yield exchange-traded fund (ETF) over the past two years...
View ArticleThe Credit Markets Are Softening and Funding Is Tightening
The Credit Markets Are Softening and Funding Is Tightening by David Schawel, CFA, CFA Institute There are ominous things happening in the credit markets, and investors are becoming increasingly...
View ArticleDon't Put Your Bonds on Autopilot in 2016
Don't Put Your Bonds on Autopilot in 2016 by Douglas Peebles, CIO, Head, Fixed Income, AllianceBernstein The bond market is probably in for more turbulence in 2016, and investors may have to make some...
View ArticleHigh Yield Spreads: Finally Looking Attractive
High Yield Spreads: Finally Looking Attractive by Gershon Distenfeld, AllianceBernstein The plunge in commodity prices is bad for energy- and metals-sector high-yield bonds. But it’s positive for the...
View ArticleLooking for Value in High Yield? Avoid ETFs.
Looking for Value in High Yield? Avoid ETFs. by Gershon Distenfeld, Director, High Yield, AllianceBernstein Are high-yield bonds cheap today? Relative to history, yes. But they’re not all alike. That’s...
View ArticleHigh yield plays a supporting role
High yield plays a supporting role by Matt Tucker, CFA, Head of Fixed Income, Blackrock Investments Matt Tucker takes a closer look at a key reason of holding high yield bonds in a portfolio. In a...
View ArticleUS Junk Bonds Eked Out A Small Gain Last Week
US Junk Bonds Eked Out A Small Gain Last Week by James Picerno, The Capital Spectator Equity markets around the world took a hit at the end of last week in the wake of Friday’s news that Britain voted...
View ArticleNo Bregrets
No Bregrets | June 2016 by The Algonquin Team, Algonquin Capital "But apart from the sanitation, the medicine, education, wine, public order, irrigation, roads, the freshwater system and public health,...
View ArticleWhat is the future of the ECB’s corporate bond program?
by Andy Sparks, Managing Director and Head of Fixed Income Research, MSCI With average purchases of €7.8 billion ($8.7 billion) per month, the European Central Bank’s corporate bond buying program...
View ArticleAlgonquin Capital: Extra! Extra! Read All About It!
by The Algonquin Team, Algonquin Capital “The man who reads nothing at all is better educated than the man who reads nothing but newspapers” Thomas Jefferson Every day we are bombarded with a barrage...
View ArticleAlgonquin Capital: Not So Quiet on the Western Front
by The Algonquin Team, Algonquin Capital The machine gun is a much over-rated weapon. ~ Field Marshal Douglas Haig, Commander British Expeditionary Force 1915-1918 With the 100th anniversary of Vimy...
View ArticleFidelity Investments Launches New Multi-Sector Bond Fund
May 10, 2017 - Toronto - Fidelity Investments Canada ULC has launched Fidelity Multi-Sector Bond Fund, managed by porfolio managers Jeff Moore and Michael Plage, and supported by Fidelity’s global...
View ArticleCanadian Update: Canada IG Corporate Bonds Outperforming TSX YTD
by Kevin Horan, Director, Fixed Income Indices, S&P Dow Jones Indices Canada’s economy has been accelerating due to increased consumer spending and a rebound in business investment. Consumer...
View ArticleCorporate Bond Mid-Year Outlook: Further Price Gains Unlikely
by Colin Martin, CFA, Director, Fixed Income, Schwab Center for Financial Research, Charles Schwab and Company, Inc. Corporate fixed income investments such as corporate bonds and preferred securities...
View ArticleData Bites
by The Algonquin Team, Algonquin Capital He uses statistics as a drunken man uses lamp-posts – for support rather than illumination. Andrew Lang Data is like coffee shops. These days it is everywhere...
View ArticleAlternative Facts for Alternative Investors
by The Algonquin Team, Algonquin Capital All generalizations are dangerous, even this one. Alexandre Dumas Across the taxonomy of investment products, the hedge fund category invokes some rather...
View ArticleWhen Volatility Knocks
by The Algonquin Team, Algonquin Capital Using volatility as a measure of risk is nuts. Charlie Munger The future is full of possibilities, some good some bad. Risk comes from not knowing which of them...
View ArticleThe Law of Unintended Consequences
by The Algonquin Team, Algonquin Capital The road to hell is paved with good intentions. Proverb One of the great dilemmas in moral philosophy is whether actions should be judged based on their...
View ArticleTight Credit Spreads: A Double-Edged Sword
by Ryan Detrick, LPL Research High-yield corporate bonds have performed impressively so far this year, with the Bloomberg Barclays High Yield Bond Index returning 7.2% year to date (as of October 9,...
View ArticleThe Stealthy Success of European High Yield
by Neuberger Berman Fixed Income Investment Strategy Committee You might be surprised to learn that European high yield bonds were the top-performing credit market over the 10-year period ended August...
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