Credit Fund That Beat Canada’s Market Is Gearing Up for Interest Rate Cuts

A Toronto-based hedge fund that outperformed the Canadian corporate bond market three years in a row is buying up longer-term notes in anticipation that the Bank of Canada will soon make its first rate cuts since 2020.

Amplus Credit Income Fund is adding Canadian government bonds due in under five years, betting on a lower-rate environment. It’s a change of strategy — over 70% of Amplus’s holdings were due in one year or less as of the end of January, according to its latest performance report.

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