Episode 101 – Quarterly Fixed Income Update
July 14, 2022

Episode 101 – Quarterly Fixed Income Update

In this episode Rita Silvan, host, is joined by Geoff Castle, Portfolio Manager of the Pender Corporate Bond Fund (PCBF), and Parul Garg, Associate Portfolio Manager of the Fund.

Subtitle: “With every stream of income comes some inherent volatility”

In this episode Rita Silvan, host, is joined by Geoff Castle, Portfolio Manager of the Pender Corporate Bond Fund (PCBF), and Parul Garg, Associate Portfolio Manager of the Fund. Together they look back at the last quarter and discuss in depth the challenges they faced. They also discuss the FED’s response to increasing volatility and share some insights into how the portfolio is being positioned, adjusted and assessed as market conditions change. Is there a silver lining? The podcast ends with an assessment of current and future opportunities and risks, and a reading recommendation from both Geoff and Parul.

Key Takeaways

[1:48]Geoff assesses the quarter and the impact of current market conditions on the Fund.
[4:40]Parul follows up with some hard data and picks up on the theme of market conditions from Geoff.
[7:15]The conversation turns to Central Bank tightening and the effect it is currently having on the bond market. Geoff also discusses how the portfolio has been positioned in a response to this.
[11:30]Geoff and Parul share some of their reasoning behind their decisions. Parul also provides some figures to better explain the positioning in the Fund.
[15:05]The conversation shifts to risk and risk management.
[19:30]Rita asks Parul where she has been searching for opportunities and if there are any sectors that are more favorable than others.
[23:44]Rita asks Geoff for his opinion on inflation.
[27:15]The team share a book recommendation.

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