Central Bank Rate Adjustment Update | A Manager Conversation with Ninepoint’s Etienne Bordeleau-Labrecque

In this manager conversation, Sightline Wealth Management’s Warren Gerow and Etienne Bordeleau-Labrecque, vice president and portfolio manager of Ninepoint Partners, return to discuss the Central Bank’s most recent position on interest rates, the global context, and the Fixed Income outlook for 2024. 

Specifically, Gerow and Bordeleau-Labrecque discuss:

  • Central Banks are done with rate hikes.
  • The next step is cutting rates, the extent of which will depend on the strength of the economy.
  • The weaker the economy, the faster and deeper the cuts.
  • We don’t expect any changes to rates until Q2/Q3 2024, at the earliest.
  • Bonds have had a couple of bad years, but the opportunities in Fixed Income look positive for at least the next two years.

Throughout the conversation, Bordeleau-Labrecque discusses how bond portfolios promise to continue their strong run into 2024. If you are interested in exploring unique, actively-managed fixed income investments, you may want to have a look at the Ninepoint Diversified Bond FundNinepoint Credit Income Opportunities Fund and Ninepoint Alternative Credit Opportunities Fund.

If you have any questions about interest rates or are interested in allocating more towards bonds in your portfolio, please do not hesitate to contact one of our experienced investment advisors today by calling (416) 943-4383 or via email at invest@sightlinewealthmgt.com

Important Information: 

Warren Gerow is an independent investment wealth consultant at Sightline Wealth Management. 

Any views or expressions of an opinion is subjective to the speaker and does not constitute a recommendation. Sightline Wealth Management cannot guarantee the accuracy or timeliness of such information 

Sightline Wealth Management LP (“Sightline”) is an investment dealer and is a member of the Canadian Industry Regulation Organization (CIRO)  and the Canadian Investor Protection Fund (CIPF). Sightline provides management and investment advisory services to high-net-worth individuals and institutional investors.

Sightline Wealth Management LP is a wholly owned subsidiary of Ninepoint Financial Group Inc. (“NFG Inc.”). NFG Inc. is also the parent company of Ninepoint Partners LP, it is an investment fund manager and advisor and exempt market dealer. By virtue of the same parent company, Sightline is affiliated with Ninepoint Partners LP. Information and/or materials contained herein is for information purposes only and does not constitute an offer to sell or solicitation to purchase securities of any issuer or any portfolio managed by Sightline Wealth Management or Ninepoint Partners, including Ninepoint managed funds. 

Sightline Wealth Management (“Sightline”) makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, Sightline assumes no responsibility for any losses or damages, whether direct or indirect, which arise out of the use of this information. Sightline is not under any obligation to update or keep current the information contained herein. The information should not be regarded by recipients as a substitute for the exercise of their own judgment. Past performance is not indicative of future performance. Please speak to your Advisor regarding the suitability of information provided in this article for you. The opinions, estimates, projections and/or recommendations contained in this document are those of the author as of the date hereof.

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