BNN, Business Day: 3 most important factors in buying corporate bonds
Geoff Castle, Portfolio Manager of the Pender Corporate Bond Fund was interviewed as a guest on BNN’s Business Day program.
“…our next guest manages a corporate bond fund that has gained almost 10% this year.”
“We think that right now, from the point of view of stability, high yield can offer some really interesting stability because of the valuation coverage that backs up the high yield bonds. So if you, on liquidation, can sell a company for 100 and the bond is only basically priced at 50 and you are first in line then certainly there are some pretty interesting opportunities within the high yield spectrum.”