Articles by Geoff Castle

The Manager’s Commentary – Q2 2021

Written by Geoff Castle

Dear unitholders, The Pender Strategic Growth & Income Fund (PSGIF) was up 6.2%[1] for the quarter, and the Pender Enhanced Income Fund (PEIF) was up 5.9%1. On a year-to-date (YTD) basis, PSGIF was up 18.4%1, […]

July 20, 2021

The Manager’s Commentary – June 2021

Written by Geoff Castle

The Pender Corporate Bond Fund gained 0.6%[1] in June, a gain which was made within the context of strong credit markets. For the half year, the Fund returned 7.4%1 and its investment grade cousin, the […]

July 6, 2021

The Manager’s Commentary – May 2021

Written by Geoff Castle

The Pender Corporate Bond Fund gained 0.9%[1] in May, a respectable advance within the context of a fairly tepid period for high yield and a somewhat more positive high-grade market. Leading the way for the […]

June 4, 2021

Pender Fixed Income – Manager’s Commentary – September 2020

Written by Geoff Castle

The Pender Corporate Bond Fund gained 0.5%[1] in September, continuing the positive trend that the Fund began after March 2020. The Fund’s performance came amidst an environment of modestly declining risk-free interest rates and a more challenging high yield market that […]

October 5, 2020

Manager’s Commentary – Geoff Castle – May 2017

Written by Geoff Castle

The Pender Corporate Bond Fund returned 0.5% in May. Leading this performance was our position in the distressed credit of Global Brokerage Inc, which surprised creditors positively with a $56M non-core asset disposition. We saw […]

June 5, 2017

Manager’s Commentary – Geoff Castle – December 2015

Written by Geoff Castle

Monthly Update The Pender Corporate Bond Fund returned -1.6%* in December. Price declines were fairly broad-based across the Fund but particularly impacted longer-duration and lower-rated securities. Most of the price movement took place in the […]

January 7, 2016