FYI: Versatile mutual fund manger Margaret Patel, known for her skills managing both high-yield bond and equity portfolios, has lately been shuffling assets around more than usual. At the end of the third quarter of 2018, the Wells Fargo Diversified Capital Builder Fund, a multi-asset mutual fund Patel has managed for over a decade, had roughly 85% of its assets in stocks, 13% in bonds and 2% in cash equivalents. By the time Thanksgiving rolled around, that stock allocation had dropped nearly 15 percentage points to 70.4% of assets, while bonds had risen to 22.4% and cash to 7.2%.
Regards,
Ted
https://www.fa-mag.com/news/gearing-up-for-a-tough-year-42423.html?printM* Snapshot EKBYX)
https://www.morningstar.com/funds/XNAS/EKBYX/quote.html
