|
|
|
|
| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
|
|
| Bonds Online |
|
|
| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
|
S&P National Bond Index
|
3.00% |
|
|
S&P California Bond Index
|
2.96% |
|
|
S&P New York Bond Index
|
3.13% |
|
|
S&P National 0-5 Year Municipal Bond Index
|
0.70% |
|
|
| S&P/BGCantor US Treasury Bond |
400.09 |
|
| More |
|
| Income Equities: |
|---|
| Preferred Stocks |
|---|
|
S&P U.S. Preferred Stock Index
|
848.03 |
|
|
S&P U.S. Preferred Stock Index (CAD)
|
636.26 |
|
|
S&P U.S. Preferred Stock Index (TR)
|
1,701.05 |
|
|
S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
|
|
| REITs |
|---|
|
S&P REIT Index
|
174.07 |
|
|
S&P REIT Index (TR)
|
425.30 |
|
|
| MLPs |
|---|
|
S&P MLP Index
|
2,469.58 |
|
|
S&P MLP Index (TR)
|
5,428.50 |
|
|
See Data
|
|
|
|
 |
|
|
|
|
|
|
For yield, stocks are beating bonds, says WHG’s Freeman |
InvestmentNews - Oct. 21, 2010 - By Jeff Benjamin
Many large-cap equities have dividend yields higher than their bonds, manager points out
In a wide-open pursuit of investment yield, stocks are trumping bonds, according to Mark Freeman, manager of the WHG Income Opportunity Fund (WHGIX).
Mr. Freeman, who manages a total of $400 million, including $200 million in the fund, is moving against the grain of the investing masses by adding stocks and reducing his exposure to bonds.
His strategy involves investing across eight assets classes and anywhere in the capital structure, but the one requirement is the presence of income.
With that in mind, over the past year, Mr. Freeman has increased the portfolio’s allocation to stocks to around 35% from about 22%.
Over the same period, he trimmed the fixed-income weighting from 40% to below 30%.
“The fundamentals make a strong case for equities, but right now is a highly uncertain environment,” he said. “The most uncertain area is equities, and that’s what makes the opportunities.”
As illustrated by the more than $200 billion worth of net inflows into fixed-income mutual funds this year, and $18 billion worth of net outflows from equity funds, much of the investing public is still not willing to take on anything that looks like more risk.
“People are seeking out certainty, but you can take that too far,” Mr. Freeman said.
He pointed to the Nov. 2 midterm elections and the Nov. 3 meeting of the Federal Reserve’s monetary policy arm, which will focus on a quantitative easing policy, as examples of near-term uncertainty.
“Our feeling here is that if you’re not uncomfortable, you’re probably doing something wrong,” he said.
But comfort is a relative concept for a strategy that banks on the role of income as part of total return.
For the complete article visit InvestmentNews.com
|
|
|
|
|
|
| Partner Market Place |
|
|
|
| Stuff to look at |
Yield and Income Newsletter: A must have for income investors. subscribe NOW
S&P Commentary and Newsletters: S&P
|
|
| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
Keep up with monthly, in-depth coverage of fixed income market strategies, commentary, and insights as seen by our sources. Sign up for the free BondsOnline Advisor now!
Unsubscribe here [+] |
|
|
|
|
|
|
|
|
