A fund that concentrates solely on “Junk” may experience massive inflows from investors desperate for yield, and may be withdrawn down to zero when the worm turns: a formula for very volatile investment disaster!

"Canada has a well-developed and regulated financial system with an efficient foreign exchange derivatives market which makes it attractive for foreign issuers to raise funds in the form of Maple bonds."

"In the corporate bond market, FRN’s like typical bonds, benefit from credit spreads which provides additional yield over the reference rate."

"Savers who are losing money in real terms are unwilling to consume now for fear of having no wealth later. Banks are unwilling to loan money to productive businesses at very low interest rates and companies themselves are unwilling to invest if they cannot foresee a reasonable return."