When veteran global bond manager David Hoffman speaks to Canadian pension funds or other institutional players, his message is low-key but clear: The long bull run for Canadian government bonds has run its course, and it’s time for investors to start looking elsewhere.
“Canada has been sort of a blessed country from a bond investors’ point of view since the late nineties,” says Mr. Hoffman, managing director for global fixed income at Brandywine Global. “But there is no longer anything distinguished about it, relative to other markets.”
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“Canada has been sort of a blessed country from a bond investors’ point of view since the late nineties,” says Mr. Hoffman, managing director for global fixed income at Brandywine Global. “But there is no longer anything distinguished about it, relative to other markets.”
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