Empire Life fixed income funds outperformed after the worst drawdown in more than 40 years
Bond markets sold off sharply in the first half of the year as central banks around the world aggressively raised interest rates causing bond yields to increase across the curve. Although our fixed income mandates could not avoid losses in this challenging market environment, our positioning helped us preserve capital compared with our peers and deliver performance that was in the top quartiles for the first half of 2022 and on a trailing one-year basis.
Read the latest commentary from Albert Ngo, Senior Portfolio Manager and Ian Fung, Portfolio Manager, to see how they are positioning Empire Life fixed income portfolios and why they believe the funds remain well positioned for the long term.
Empire Life Investments Inc., a wholly owned-subsidiary of The Empire Life Insurance Company, is the Manager of Empire Life Mutual Funds and the Portfolio Manager of Empire Life Segregated Funds. The units of the Funds are available only in those jurisdictions where they may be lawfully offered for sale and therein only by persons permitted to sell such units. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund and segregated fund investments. Investments are not guaranteed, their values change frequently, and past performance may not be repeated. Any amount that is allocated to a Segregated Fund is invested at the risk of the contract owner and may increase or decrease in value. A description of the key features of the individual variable insurance contract is contained in the Information Folder for the product being considered. Segregated Fund policies are issued by The Empire Life Insurance Company.
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