When I want insight on which way the stock market will head next, I often turn to a first-class bond manager. Most stock managers pay scant attention to the big picture. By contrast, bond managers live and die by the accuracy of their economic calls. Unfortunately, what I’m hearing now isn’t good news.
Kathleen Gaffney, co-manager of Loomis Sayles Bond (symbolLSBDX) since 1997, is one of the best. Dan Fuss, one of her co-managers, launched the fund, a member of the Kiplinger 25, in 1991 and has been investing in bonds for more than 50 years.
No comments:
Post a Comment