Search For Yield Leads To ‘Maples’

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    The search for yield in 2013 may take investors to ‘maple bonds,’ says Richard Usher-Jones, vice-president of Canso Investment Counsel Ltd. Speaking at a Pembroke Private Wealth Management session, he said corporate bonds performed strongly last year, particularly ‘maple bonds.’ “We still see very good value in corporate bonds and, as a subset of corporate bonds, ‘maple bonds’ as well,” he said. Maple bonds are bonds issued by foreign entities on the Canadian bond market in Canadian dollars. These types of bonds are a good fixed income investment because they offer higher yields than their domestic counterparts.