Phil Mesman | Source | Head of Fixed Income at Picton Mahoney Asset Management
Phil Mesman
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Picton Mahoney Asset Management (https://www.pictonmahoney.com)
Head of Fixed Income
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'Best opportunity of my career to put money to work'
Head of fixed income says state of real economy breaks his heart but that investors can take advantage of 'unreal valuations'
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Investors bet on Bank of Canada rate cut this week as virus spooks markets
TORONTO — Investors are betting Canada’s central bank will ease interest rates for the first time in almost five years on Wednesday as the coronavirus spreads,…
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Is it time to adjust the 60/40 portfolio? | Advisor's Edge
Examining the options for clients beyond traditional fixed income
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We’re going to have winners and losers. Divergence is going to be the biggest trend in fixed income going forward.
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All of the backward numbers look great for fixed income. The typical advisor portfolio looks amazing but, at current yields and current duration, it makes sense to be a little more creative.
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When you look at the Fed, for example, in the 2008-09 crisis they bought a total of $120 billion in mortgage-backed securities – they are buying $50 billion a day right now. Also, they’ve never bought corporates before and now they are going to. You're looking at unprecedented stimulus.
