INVEST WHERE OTHERS FEAR TO TREAD FOR INCOME AND APPRECIATION: EATON VANCE’S KATHLEEN GAFFNEY

If you were to name places in the world where you wouldn’t consider investing today what comes to mind? How about Venezuela where the economy is in ruins, the president discredited and the opposition mounting? Or a specific company in this country like Pacific Gas and Electric, PG&E for short, the California utility that filed for bankruptcy and bore the physical and legal brunt of the recent devastating California wildfires? Those are fertile ground for contrarian investors or just traditional value investors who look for opportunities where others fear to tread.

Globe-trotting Eaton Vance bond manager Kathleen Gaffney looks where others are fleeing for higher total returns.
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