Adam Ditkofsky is a portfolio manager, global fixed income, focusing on Core and Core Plus fixed income mandates. Mr. Ditkofsky has more than 10 years of experience in fixed income and is responsible for portfolio management, trading and idea generation. In his previous position, Mr. Ditkofsky was a Senior Credit Analyst at CIBC Asset Management (CAM), covering both investment grade and high-yield companies across multiple sectors. Prior to joining CAM in 2008, he held the role of Credit Analyst at CIBC World Markets.
Mr. Ditkofsky holds an MBA degree from the University of Western Ontario, and a BCom degree from Concordia University. He is also a Chartered Investment Manager (CIM) and Chartered Financial Analyst (CFA) charterholder.
PM likes short-dated, high-quality bonds.
However, rate cuts this year are far from a given, PM says.
PM says bonds are more compelling than they've been in years.
High-quality short-term bonds offer opportunities, PM says.
Weakness has reflected reduced risk appetite and not a deterioration of fundamentals, PM says.
The bond market is on recession watch.
PM expects corporates will continue to outperform.
Credit spreads could widen if further Covid-19 restrictions are imposed, PM says.