![]() ![]() This has led to a growing “bonds are back” crowd. ![]() It’s one thing when an equity portfolio goes down.”īut after reaching 40-year highs this summer, inflation - which led to this year’s coordinated declines in stocks and bonds - has shown signs of slowing in Canada and the U.S. “I feel for the people who thought they were in 100% safety,” said Rob Pollard, senior vice-president and portfolio manager with The Wyndham Group, Raymond James Ltd., in Toronto. Surging inflation and monetary tightening have visited simultaneous pain on equities and bonds this year, robbing investors of the ballast they’ve come to expect from the fixed income portion of their portfolios. “The dialogue has changed significantly in the last month.” “Now, conversations have shifted and more people want to talk to us about the opportunities,” he said. Some were ready to throw in the towel, talking about taking capital losses on fixed income with broad bond indexes down double digits for the year. ![]()
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