Archive for September, 2013
BOND BETS Transcript 9/20/2013 #1013
CONSUELO MACK: This week on WealthTrack- with investors cascading out of bonds, is this the right time to launch a new bond fund? Top rated manager Kathleen Gaffney guides investors to income sources in her new Eaton Vance Bond Fund. Keeping your bond portfolio afloat is next on Consuelo Mack WealthTrack.
Hello and welcome to this edition of WealthTrack, I’m Consuelo Mack. This has not been a fun time to be a bond investor or a fixed income manager. Investors have been freaking out ever since May when Federal Reserve Chief Ben Bernanke suggested the Fed might start reducing, or tapering its massive $85 billion worth of monthly bond purchases. It hasn’t done so yet but even a hint of diminished government support for the treasury and mortgage bond markets have sent interest rates higher and bond prices lower.
MACRO MATTERS Transcript 9/13/2013 #1012
CONSUELO MACK: This week on WealthTrack, the big investment picture top rated international economist Nancy Lazar and number one strategist Francois Trahan on why the U.S. is the place to invest and China is in trouble. A WealthTrack exclusive with both is next on Consuelo Mack WealthTrack.
Hello and welcome to this edition of WealthTrack, I’m Consuelo Mack. If there is one lesson investors have learned from the financial crisis and its aftermath, it is that macro matters. The risk on/risk off market of the financial crisis, where the vast majority of assets moved in lockstep in reaction to a monetary policy move, an economic number or political pronouncement is seared in the collective memory of investors. As you can see from this chart, provided to us by this week’s guests, macro forces have historically had an oversized influence on stock returns. Over the last two decades for instance stock specific influences have accounted for about 28% of stock market returns on average, whereas macro forces have accounted for nearly 70%. Since the financial crisis that influence has risen to nearly 90%.
IN DEFENSE OF BONDS Transcript 9/06/2013 #1011
CONSUELO MACK: This week on WealthTrack, Great Investor Robert Kessler explains why he is standing firm while others stampede out of U.S. Treasury bonds. Riding against the bond selling herd is next on Consuelo Mack WealthTrack.
Hello and welcome to this edition of WealthTrack, I’m Consuelo Mack. One of the distinguishing characteristics of our Great Investor and Financial Thought Leader guests is their independence of thought and their contrarian investment views. They don’t intentionally set out to go against the herd, but frequently their analysis leads them there.
A BIG JOB CHANGE FOR A GREAT INVESTOR
WEALTHTRACK has identified Kathleen Gaffney as a next generation Great Investor because of her outstanding track record at the Loomis Sayles Bond Fund, alongside legendary co-manager Dan Fuss. Gaffney recently left her old firm to launch a new bond fund at Eaton Vance. I asked her to explain the biggest difference between running a huge fund and a much smaller new one.
[bliptv id=”hsM9g5XGUAA”]KATHLEEN GAFFNEY – BOND BETS!
Federal Reserve Chairman, Ben Bernanke, surprised everyone this week by announcing that the Fed would not stop its quantitative easing as Bernanke hinted he would do by the end of the year. The announcement sent the stock markets to new highs. Critics say the Fed is sending investors too many mixed messages. Continue Reading »
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