Bond Universe Fund – Featured
January 11, 2022
The Latest
Bond Universe – Q3 2024
Highlights Positive contributors included OPKO Health Inc. 3.75% 2029 convertible bonds and TXNM Energy Inc. 5.75% 2054 convertible bonds. We extended duration slightly this quarter from 4.74 at June 30 to 5.14 at quarter-end. The three-month return of the Class F units of the Bond Universe Fund was 4.3% to the end of September 2024. The Fund’s benchmark, the FTSE Canada Universe Bond Index, returned 4.7% over the same period. Strength in the quarter was driven by individual risk positions and an overall bond market rally in the context of rate cuts north and south of the border[1]. Download the…
