Corporate Bond Fund – Featured

January 11, 2022
Written by Evan Warburton

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Fixed Income – January 2024

Highlights: Through December and January, the Fund initiated a position in the bonds of Sibanye Stillwater Ltd. which is the largest worldwide pure-play company in the mining and refining of platinum group metals. January saw a selloff in Canadian investment grade bonds and limited gains in high yield indices. Esperion Therapeutics Inc. was the Fund’s top holding (2.5% weight) based on price appreciation—from a low of $40 to $63 at month end. The Pender Corporate Bond Fund generated a moderate return of 0.3%[1] in January, a period that saw a selloff in Canadian investment grade bonds and limited gains in…

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