Canso Corporate Value Fund vs. GICs

We all know interest rates are very low, but they also seem to be rising. Rising interest rates are negative for bond prices. “In the ‘safe’ section of my portfolio, I don’t want to lose money.” Presently, the yield-to-maturity of the Canso Corporate Value Fund (“Fund”) is about 2.7%. After fees, it is less. Longer-term investors may ask: “if credit spreads are poised to widen and rates are rising, wouldn’t I be better off in a GIC? At least I’ll know what my return will be.”…

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Canso Corporate Value Fund vs. GICs

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