MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 6, 2013 WSJ Profiles a Talented USAA Bond PM One Year Into Retirement USAA Investment Management [profile] PM Margaret "Didi" Weinblatt retired before the bear market for bonds set in, The Wall Street Journal's Michael Pollock reports. Pollock profiles Weinblatt, who retired from USAA on July 31, 2012. Despite making it through the recession relatively intact by avoiding the Kool-AId of sub-prime mortgage bonds, with only one five percent negative return in her career, Weinblatt didn't want to manage funds at a time she considers worse than 1994. Pollock writes that Weinblatt sees 1994 as "easier" because money market rates of 3 percent, compared with today's near zero level, doubled the year after and gave people a place to escape to and find returns. Now, Pollock quotes Weinblatt as saying, there is "no coupon protection, no place to hide." Weinblatt's last advice to investors? Turn to short-term bond funds, as those funds will lead to better returns. To read more, click here. Printed from: MFWire.com/story.asp?s=45308 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |