Burgundy’s investment team approaches fixed-income investing the
same as investing in equities. The team focuses on companies instead of the economy,
interest rates or macroeconomic conditions. Understanding a company’s ability
to pay interest and principal is part of understanding the overall strength and
potential of the company.
Focusing on Corporate Bonds
Corporate bonds yield more than risk-free government securities.
To manage overall Fund volatility, Burgundy also includes bonds and debentures
issued by Canadian borrowers such as federal, provincial and municipal governments.