Lysander Funds Limited

The Lysander Funds team was proud to be recognized at the LSEG Lipper Fund Awards Canada 2024 last night. Thank you to our award winning PMs Canso Investment Counsel Ltd. and Crusader Asset Management. for all their hard work on behalf of our investors. Legal: https://lnkd.in/eG7Mxjp

Today, the Federal Reserve lowered its overnight policy rate by 0.25% to an overall level of 4.75%. Excerpts from the Federal Open Market Committee #FOMC statement were as follows: - U.S. economic activity has continued to expand at a solid pace. - Labour market conditions have generally eased, and the unemployment rate has moved up but remains low. - Inflation has made progress towards the committee’s 2% objective but remains somewhat elevated. Following this week’s U.S. election the markets continue to assess the implications of expected fiscal policies on monetary policy and have repriced FOMC rate cut expectations heading into 2025. Legal: https://lnkd.in/eG7Mxjp

« Personne ne semble se soucier des déficits ou de l’inflation dans le marché actuel. Notre vision des choses est assez simple : lorsque personne ne se soucie du risque, les placements risqués cessent d’offrir une rémunération suffisante pour être intéressants. C’est certainement le cas maintenant puisque les taux obligataires ont déjà intégré une inflation de 2 % et que les écarts de taux se sont resserrés en ce qui concerne les obligations de qualité inférieure. »   Lire le Canso octobre 2024 L’Observateur des marchés.   Légal: https://lnkd.in/eejJjskw

"Another quarter has passed, and we continue to watch corporate credit spreads “Come On In”. Despite significant volatility over the August long-weekend, high yield spreads ended the quarter tighter than where they began. The “Spread to Worst” on the ICE BofA U.S. High Yield Index touched 313 basis points (bps) on October 21st, a level not seen since the eve of the Great Financial Crisis."   Read more in the October 2024 Canso Investment Counsel Ltd. Corporate Bond Newsletter. Legal: https://lnkd.in/eG7Mxjp

Lysander Funds wishes you a bright and joyous Diwali! 

Happy Halloween from Lysander Funds!

Today, the Bank of Canada (“BoC”) lowered its overnight policy rate by 0.50% to an overall level of 3.75%. Excerpts from the BoC statement were as follows: - In Canada, the economy grew at around 2% in the first half of the year and we expect growth of 1¾% in the second half. Overall, the economy continues to be in excess supply. - GDP growth is forecast to strengthen gradually over the projection horizon, supported by lower interest rates. Business investment is expected to strengthen as demand picks up, and exports should remain strong, supported by robust demand from the United States. - CPI inflation has declined significantly from 2.7% in June to 1.6% in September. With inflationary pressures no longer broad-based, business and consumer inflation expectations have largely normalized. - If the economy evolves broadly in line with our latest forecast, we expect to reduce the policy rate further. https://lnkd.in/d_tyKGi Legal: https://lnkd.in/eG7Mxjp

Lysander Funds wishes you and your family a Happy Thanksgiving and wonderful long weekend! Legal: https://bit.ly/3ZL5QL5

“Nobody seems to care about deficits or inflation in the current market. Our rather simple take on things is that when nobody cares about risk, usually risky investments don’t pay enough to be attractive. With bond yields already impounding 2% inflation and credit spreads tight on lower quality bonds, that is certainly the case now.”   Read on in the October Canso Investment Counsel Ltd. Market Observer. Legal: https://lnkd.in/eG7Mxjp

Lysander Funds stands with Indigenous communities across Canada in the continuing journey towards truth and reconciliation. #Canada #TruthAndReconciliation