Top US bond manager hunts out 'good names in bad zip codes’
by Chris Sloley on Oct 18, 2012 at 09:39
Playing it safe is now too expensive and the better risk/reward can be found in big businesses located in the eurozone’s troubled nations, according to Loomis Sayles’ Matthew Eagan.
The bond manager – who co-runs the Loomis Sayles Multisector Income fund – said he is looking at investment grade names in a distressed regions that are being penalised for nothing more than their location.
It has returned 34.11% over the past three years. This is while its Citywire benchmark, the Citigroup United States WGBI TR, has risen 16.83%.
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