1 day ago
BNN Bloomberg
Still, spreads need to widen more to become attractive, said Andrew Labbad, who manages Amplus Credit Income Fund, one of the investment vehicles of Toronto-based Wealhouse Capital Management. “Why take on more credit exposure when so much of it can just be made through the risk-free rate,” said Toronto-based Labbad in an interview. The fund is one of the investment vehicles managed by Wealhouse, which has C$1.4 billion ($1 billion) of assets under management. It was also focused on adding paper that matured later in the year, allowing the fund to add corporate bonds before the credit spread rally that took place in the last quarter. That’s the worst it’s been since almost like the Cold War era.”(Adds detail on credit spread in second graph under the chart.
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