Soundbites

Soundbites briefly explore what’s on Sionna managers’ minds.

Sign up to receive email updates from Sionna  

Stretch When Exercising, Not When Investing

April 2013

One theme that we continue to see in the Canadian equity market today is a willingness to “stretch for yield.” Investors are so desperate to find income-producing investments that they are prepared to pay an elevated price for that yield.

The 6% Solution (and there is a good chance it could be 9%!)

September 2012

History tells us sideways markets are far more common than secular bull runs. Sideways trends occur immediately after a bull market and last for at least 15 years.

Equity Risk Premium Signals

August 2012

The Equity Risk Premium (ERP) is defined as the return in excess of the risk-free rate that an investor requires as compensation for taking on the added risk of being exposed to the stock market. It is an important measure because it informs us of how optimistic (or not) the market is at various points in time.


1 7 8 9