Ontario Teachers’ Pension Says Bonds Are Getting More Appealing
- Rout has made fixed income more attractive: Ontario Teachers’
- Pension fund adds to inflation-linked, investment-grade debt
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One of Canada’s largest pension funds is boosting its exposure to bonds, citing attractive yields after the worst selloff in a generation.
The Ontario Teachers’ Pension Plan is increasing its holdings of inflation-protected debt, along with some investment-grade and junk notes, said Jo Taylor, president and chief executive officer of the fund that manages C$243 billion ($177 billion). That comes after it slashed weightings of bonds last year in favor of infrastructure and property investments to hedge against inflation.