Global Value and Income Dispatch

Q3 review: The rise of tangible capital?

  • Giorgio Caputo
  • Robert Hordon
  • Adam Gittes
02 Nov 2020
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View PDF   Download PDF  
  • Our current equity exposure sits at the upper end of neutral
  • We continue to lean on equity and preferred income to manage through this low rate environment
  • Income portfolios must beware to avoid excessive sector or style biases


The views expressed are those of the portfolio manager as of October 2020, are subject to change, and may differ from the views of other portfolio managers or the firm as a whole. These opinions are not intended to be a forecast of  future events, a guarantee of future results, or investment advice.

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