Huge investments, lower unemployment and lower taxes will cause a strong growth in the dollar in 2018.
For Bond Investors, Low Expectations in a Low-Yield World
The prospect of a strong economy in the United States and a strengthening one in much of the rest of the world is good news for workers and for many companies. But for bond investors, it is a headache. “We’re not of the view that there is any sector that stands out as extremely cheap on a valuation basis,” said Ashok Bhatia, senior portfolio manager in Neuberger Berman’s Fixed Income Multi-Sector Group. Yet in 2017, many investors turned to bonds anyway. Nearly $380 billion found its way into bond funds, nearly double the flow into stock funds, according to the Investment Company Institute. That makes a certain amount of sense ... (full story)
- Posted: Jan 12, 2018 2:13pm
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