Episode 80 – Quarterly Fixed Income Update
October 7, 2021

Episode 80 – Quarterly Fixed Income Update

Sarah Wildman is joined by Geoff Castle and Emily Wheeler for the Quarterly Fixed Income update.

Subtitle: Eating the bug sandwiches of credit markets

In this episode Sarah Wildman, Director of Institutional & Family Office Wealth Services, is joined by Geoff Castle, Portfolio Manager of the Pender Corporate Bond Fund (PCBF), and Emily Wheeler, Associate Portfolio Manager of the Pender Bond Universe Fund (PBUF). They look back at the last quarter’s performance, the rising rate environment and investing in areas that look uninvestable. The team also provides examples of holdings that were considered uninvestable but have performed well. The podcast ends with book recommendations from Geoff and Emily.

Key Takeaways

[1:10]Emily provides a performance update for the Pender Bond Universe Fund.
[3:45]Geoff provides a performance update for the Pender Corporate Bond Fund.
[7:52]How do PCBF and PBUF work alongside the Pender Alternative Absolute Return Fund in client portfolios?
[8:43]Emily reviews portfolio weightings in holdings that take advantage of a rising rate environment.
[10:45]Geoff adds more details about Fund positioning and strategy in the current rising rate markets.
[12:41]Does the team have a plan if rates reverse and start to drop?
[15:12]Investing in areas that may look uninvestable. What is the team seeing that others aren’t?
[17:31]Geoff explains his bug sandwich analogy
[18:31]Emily provides an example of a current bug sandwich
[22:20]Emily and Geoff provide book recommendations

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