Encasa Market Commentary – April 2019

Message from the CEO

April 24, 2019

In December, we sent you the first of what will become regular communication between you, Encasa and the sub advisers that we have hired to manage the three mutual funds. That month we shared insights from Genus Capital Management, the manager for the Social Housing Canadian Equity Fund.

This month we are pleased to provide you with commentary on fixed income (or bond) markets from Addenda Capital Management, the investment manager charged with the responsibility for managing the Social Housing Canadian Short Term Bond Fund and the Social Housing Canadian Bond Fund. Addenda has helpfully provided a primer on investing in fixed income as it can be a bit arcane to many investors.

We are grateful for your continued support and for your thoughtful comments and criticisms. It helps us to meet our commitment of excellence in client support.


Derek Ballantyne
Chief Executive Officer,
Encasa Financial Inc.