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Bond Fund Besting 91% Of Peers Sees Dollar Gloom Ahead After Fed: (LAAAX)
FYI: As investors digest the Federal Reserve’s latest dovish pivot and the inversion of the U.S. yield curve, Prashant Chandran at Western Asset Management sees it all pointing to a weaker dollar and support for riskier assets across the globe.
Chandran is co-manager of the $1.4 billion Western Asset Macro Opportunities Fund, which has returned 4.9 percent this quarter, beating about 91 percent of its peers, according to data compiled by Bloomberg. The fund, which pursues “an opportunistic global-macro fixed income strategy,” uses currencies both as a hedge and as a way to bet on a country’s economic prospects. Regards, Ted https://www.fa-mag.com/news/bond-fund-besting-91--of-peers-sees-dollar-gloom-ahead-after-fed-44046.html?print
