THE NEW INVESTMENT OPPORTUNITIES BEING DISCOVERED BY AWARD-WINNING FPA NEW INCOME FUND
The bond world changed dramatically in 2022. From several years of historically low to negative interest rates, as far as the eye could see, the horizon is now filled with rising rates across the globe. It’s a welcome change for yield-starved investors and fixed-income managers who have been coping with a record breaking yield drought.
One of them is this weekend’s guest who recently reopened his fund to new investors because of the “improved opportunity set.” He is Tom Atteberry, now Senior Advisor to FPA New Income Fund having just retired, as planned, from his portfolio manager duties in July of this year. He had been Portfolio Manager of the fund since 2004.
Atteberry will discuss why they have reopened the fund and where they are investing now. He will also share his current preference for asset-backed bonds over Treasuries and corporates.
WEALTHTRACK Episode #1911 broadcast on September 09, 2022
Listen to the audio-only version here:
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TOM ATTEBERRY
- Senior Advisor,
- FPA New Income Fund
ACTION POINT
BUY SOME U.S. TREASURY I BONDS
U.S. TREASURY I BONDS:
- Inflation-Protected U.S. Savings Bonds
- Current yield: 9.62%
- Coupon reset every 6 months to adjust for Consumer Price Index
- Designed for individual savers
- Minimum purchase: $25.00
- Maximum purchase per account per year: $10,000
- Mature in 30 years
- Must be held for 1-year minimum
- Redeemable with penalties before 5 years
- No penalties after 5 years
- Interest exempt from state & local taxes
- No federal tax until redeemed or maturity
- Buy online through TreasuryDirect.gov
ONE INVESTMENT
CRITICAL ASSETS
- Buy asset-backed securities (ABS)
- Focus on loans and leases on critical assets for households and businesses
- Examples: commercial insurance premiums, apartment buildings and homes
FROM THE ARCHIVE
Tom Atteberry from the WEALTHTRACK Archives:
WEB EXTRA
NEW LIFE FOCUS
Now that award-winning bond fund manager Tom Atteberry has retired from his daily portfolio management duties, how is he going to spend his time? In his new role as Senior Advisor at FPA, the bond markets won’t be entirely off his mind.
