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Rating:Bond BigWigs Drink the Equities KoolAid Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 24, 2013

Bond BigWigs Drink the Equities KoolAid

News summary by MFWire's editors

DoubleLine [profile], Loomis Sayles [ profile] and Pimco [profile] are all devoting significant resources to build up their equity profiles after five years of riding the bond market, according to Reuters.

Reuters says the move is being spurred by fears the bull market in fixed income could end and anticipation of growing retail investor interest in stock funds.

"We have been in equities for a long time, but now we have a heavy focus on growing that business because we think it is a very good place to be in the years to come," Reuters quotes bond investor Dan Fuss, vice chairman and portfolio manager at Loomis Sayles, which oversees $182 billion in assets.

Read more in Reuters

Edited by: Tommy Fernandez


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