Commentary Archives

Insights

At Lysander Funds we strive to inform and educate Canadian investors. In this section you'll find resources that highlight the thinking of our Portfolio Managers.

Patient Capital Quarterly Commentary – Q2 2024

U.S equity markets performed strongly in the second quarter and one year ended June 30th, 2024. The S&P 500 Index (CAD) returned 5.33%1. However, the S&P/TSX Index posted a disappointing -0.53%2 for the quarter. The one…

Fulcra Commentary – Q2 2024

Intro Before diving into our latest investment commentary and analysis we would like to acknowledge that Fulcra, as of July 2024 is celebrating 15 years of investing in credit markets. Thank you to our investors who…

Canso July 2024 Corporate Bond Newsletter

Bank Hedging On June 5th, the Bank of Canada (BOC) officially ended its rate hiking cycle that began 27 months prior, stating: “With continued evidence that underlying inflation is easing, Governing Council agreed that monetary policy…

Canso July 2024 Market Observer

A Marvin Moment?? “What’s Going On” was the plaintive refrain and title of Marvin Gaye’s 1971 hit song about the controversial Vietnam War and the resulting societal and political upset in the United States. His song…

Patient Capital Quarterly Commentary – Q1 2024

Equity markets performed strongly in the first quarter and full year ended March 31st, 2024. The S&P 500, the MSCI World Index and the S&P/TSX gained 10.56% , 9.01% and 6,62% respectively for the quarter, The…

The Rise of Active Management in Fixed Income

Regime Change For many years it could have been said that bond investing was “easy money”, as the long-term trend in falling interest rates boosted returns of passive bond indexes above their indicated coupon yields through…