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Loomis Souring on Bonds, Embracing Dividends, Stocks
The article quotes Warren Koontz, one of their equity managers, who suggests that dividend-paying stocks are a better option than bonds. Neither Fuss nor Rolley have soured on bonds. That is, after all, their bread-and-butter. They both have sizeablel non-US positions, and Fuss (and his partner, Gaffney) have also deepened their exposure to converts and preferreds. And they have bulked up their Canadian dollar exposure. Duration is down to about 5.5.
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