A tactical approach to fixed income investing – Adam Kramer and Scott Mensi

Today on the show, we welcome Portfolio Manager Adam Kramer and Institutional Portfolio Manager Scott Mensi. They discuss their tactical approach to fixed income investing, and where they are finding new investment opportunities in today’s markets. Adam and Scott provide a tactical high income portfolio overview, explaining that the fund intends to provide a level of income that exceeds that of traditional balanced funds. It also allows investors to identify the most promising risk-adjusted opportunities by leaving asset allocation decisions to an experienced team, making it a favourable structure for investors today. Kramer and Mensi say there are areas within the marketplace that are attractive which include opportunities in high-yield bonds, convertible bonds, foreign bank debt and floating rate preferred shares. There is also potential in various equity sectors such as large-cap dividend players in the energy and gold mining industries, in addition to a few value names in small and mid-cap sectors. The importance of both proper income-to-risk matching and seeking assets with favourable risk-reward profiles are emphasized when looking for opportunities.

The podcast was recorded on February 12^th, 2024.

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