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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