“Deficits don’t matter” may still be heresy among fiscal hawks. But unprecedented government debt spending amid ballooning central bank balance sheets and still-elusive inflation prompts fixed income PM Jeff Klingelhofer to examine the myths and assumptions around “modern monetary theory.”
Results for: Jeff Klingelhofer
Electoral surprises spur stock and bond market turbulence, but sensibly diversified and balanced portfolios don’t depend on political outcome.
If the Bank of Japan, Federal Reserve and European Central Bank are enticing investors to swing for the fences with low or negative rates, focusing on the fundamentals of individual stocks and bonds is key to a strong investment batting average.
The Fed should soberly assess the addictive effects of zero-bound benchmark rates and yield curve control. “Like financial heroin…you always need one additional hit.”
Thornburg Portfolio Managers Jeff Klingelhofer and Lon Erickson spoke with the Wall Street Transcript about Limited Term Income and Strategic Income. The Q&A is in depth, covering lots of ground such as the funds’ objectives; Jeff, Lon, and the team’s strategy during the recent recession; and the long-term outcomes they aim to generate for clients.
Thornburg Investment Management announced that Ben Kirby and Jeff Klingelhofer each have been appointed to the newlycreated position of head of investments.
Morningstar’s analysis of the Thornburg Limited Term Income Fund, based on five key pillars: Process, Performance, People, Parent, and Price.
Portfolio Manager Jeff Klingelhofer provides his take on the 25-basis-point rate cut by the Fed. While it creates volatility short-term, more important to consider are long-term implications for investors.
Thornburg Strategic Income Fund (I shares) was awarded Investor's Business Daily's Best Mutual Funds 2019 Award, among 515 U.S. Taxable Bond funds for 10-year average annual returns, ending December 31, 2018.
Portfolio Manager Jeff Klingelhofer says a "long history of doing the right thing" is an important way to look at companies, but quarterly guidance can be helpful for active investors too, on CNBC Asia's "Squawk Box".
Investors are right to be optimistic about the global economy, but need to accept that volatility will be part of the ride, says Global Fixed Income Portfolio Manager Jeff Klingelhofer.
