Market Conditions & Opportunities Ahead
COVID-19 has and will continue to reshape the global economic landscape. During the last quarter, there was a significant repricing of financial assets, and significant market volatility. In response to this, central banks have acted decisively and introduced
many programs to extent liquidity to individuals and businesses.
Notwithstanding the continued uncertainty around COVID-19, we believe this is an opportunity to invest in corporate bonds issued by high quality businesses at very attractive valuations. We are focused on identifying the best risk-reward investments given
the current environment.
Our Portfolio Management team is working diligently to fulfill our commitment to you and your investments. As of mid-April, we are very pleased that with some stability in the market, we have seen a bounce back in performance, and we plan to stay nimble
and flexible to capture these opportunities as best we can.
We are available as always and committed to providing you with regular updates on our status as we work together through this unprecedented time. If you have any questions, please feel free to reach out to our Client Portfolio Management or Client Engagement
teams at any time.