Franklin Bissett bond manager is cautious in 2019

A bond market replete with rate uncertainty and conflicting themes needs top-down analysis of the big picture to minimize risk and generate positive returns for Tom O’Gorman

Jade Hemeon 7 February, 2019 | 6:00PM

As the bond market moves into 2019, Tom O’Gorman, senior vice president and director of fixed income at Calgary-based Franklin Bissett Investment Management Inc. is treading cautiously as he analyzes various interwoven and conflicting themes.

Global growth appears to be slowing, says O’Gorman, and uncertainties continue to complicate trade issues between the U.S. and China. The U.S.-Mexico-Canada trade agreement has not yet been ratified, he points out, and some black clouds hang over President Trump’s administration, including the outcome of Robert Mueller’s Special Counsel probe into Trump’s Russian connections. 

For O’Gorman, lead manager of the $1.7 billion Franklin Bissett Core Plus Bond Fund, which is sponsored by Toronto’s Franklin Templeton Investments, top-down analysis of big picture trends plays a key role in positioning the fund to minimize risk and provide a positive return in a low rate environment.

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Jade Hemeon

Jade Hemeon