Thank Goodness for Bonds.
It’s days like today in the stock market that investors, both Institutional and Individual, see the value of bonds.
While stock markets blow off steam, bonds chug along.
As of end of day today, the iShares.ca index performance tool shows the DEX Long Bond index is up 8.3% Year-To-Date, the DEX Universe Bond index is up 6.1% and the DEX Short Bond index is up 4.2%. Even the Barclays Capital U.S. Aggregate Bond index is up 5.1% Y-T-D.
The value of bonds? … see my March 2008 post.Next time? Risk Management. Doug Cronk CFA is Manager, Investments for a Canadian Pension Fund.