2021 Q1 EdgePoint commentary
Equity Commentary : Forgetting the lessons of 2020 – 1st quarter, 2021
This quarter, investment analyst George Droulias looks at why 2020 truly was a year to forget from an investment perspective.
Fixed Income Commentary: The negative art of investing – 1st quarter, 2021
This quarter, portfolio manager Frank Mullen discusses how the Investment team not only uncovers undervalued investment opportunities, but also makes active choices to avoid lending to many businesses and areas of the market where others may feel comfortable doing so.
Inflation
More pork in the basket?
Steepest cost pressures since 2008
Inflationary pressures have risen worldwide to the highest level in at least a decade as a surge in demand is accompanied by widespread supply constraints in the provision of goods and services. The survey data points to a steep rise in consumer price inflation across the world in coming months, most notably in the US, where prices charged for consumer goods rose sharply.
With the fed promising not to raise rates for a few more years investors are becoming increasingly desperate for yield. That desperation has pushed High Yield credit spread to 3.22%, approaching the lowest level in the last 10 years (3.16% in October 2018).
