Our top managers continue to find attractive buying opportunities in wide-moat firms.
Modest pockets of value emerge among consumer defensive companies.
Widening investment-grade credit spreads and rising interest rates lead to losses.
We see continued margin pressures, emerging-market opportunities, spin-off acquisition targets, plus some pockets of value in the sector.
This article is for informational purposes only. This article is not intended to provide tax, legal, insurance or other investment advice. Unless otherwise specified, you are solely responsible for determining whether any investment, security or other product or service is appropriate for you based ...