MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, January 5, 2011 A Loomis Sayles Fund Plays Offense Rick Raczkowski and Peter Palfrey, PMs of the Loomis Sayles Core Plus Bond Fund [see profile], [see profile], have reportedly shelved their defensive stance for an offensive approach to the fixed income market. The fund, which invests in bonds, treasuries and asset-backed securities, started last year on the long end of the corporate bond market but has tweaked its portfolio to a 20 percent to 30 percent respective split between high-yield and corporate bonds, the Wall Street Journal reports. Automotive loan maker Ally Financial Inc., paper-product company Georgia Pacific Corp. and Sallie Mae are current names in the fund's portfolio. Raczkowski told the pub that the pair took a more agressive approach to the market in order to "capture yield in the front end of the curve and reduce sensitivity to interest-rate-spread volatility". Printed from: MFWire.com/story.asp?s=35560 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |