Fidelity's Adam Kramer has overseen one of the top multi-asset income funds of the past five years.Here are five asset classes he's targeting right now in this uncertain environment.The 23-year veteran of Fidelity Investments and co-manager of its Multi-Asset Income Fund has crafted a strategy that secures the robust returns stocks are known for while also having the consistency and safety offered by fixed income.
Each member of the trio has a different area of expertise, so when they come together they bring fresh ideas about where the best opportunities are in the equity and fixed income markets. The composition of the fund is weighted toward whichever asset classes are improperly priced by the market at a given time. Though asset classes tend to seesaw from leading to lagging, Kramer doesn't believe the gyrations are random. By determining where the best opportunities are, his team can invest accordingly and then beat their index — as they've done consistently.
He later added:"By having the flexibility to invest across the full spectrum of income-oriented asset classes, we realized that the market has a tendency to misprice interest rate risk, credit risk, and also earnings risk — year in, year out."
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Woman who claimed $1 billion lottery reward was a fraudA woman claiming to be the winner of the $1.08 billion Powerball jackpot was lying and 'just wanted to be on TV,' store owner's granddaughter says
Source: BusinessInsider - 🏆 729. / 51 Read more »
'Barbie' blows up 'Oppenheimer' with $275M opening weekend: report'Barbie' blows up 'Oppenheimer' as Greta Gerwig's plastic fantastic looks set to make $100 million more than Christopher Nolan's atomic blockbuster this weekend
Source: BusinessInsider - 🏆 729. / 51 Read more »
Elon Musk's SpaceX: How a billionaire leads space exploration pioneerInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US states pass child labor laws letting teens bartendA growing number of US states are working to loosen child labor laws so your next bartender could be an underage teenager
Source: BusinessInsider - 🏆 729. / 51 Read more »
The history behind Elon Musk's 'X' logo that may replace TwitterElon Musk plans to rebrand Twitter as 'X' — an idea that harkens back to the CEO's early days when he was ousted from PayPal
Source: BusinessInsider - 🏆 729. / 51 Read more »