Fixed Income Investing with The Kamen Group

Fixed Income Portfolio Manager, Theresa Pellegrino-Simon, discusses how The Kamen Group thinks about bonds and interest rates, and expands upon the team’s investment process.

The views expressed are those of the Kamen Group (the “Group”) and do not represent the views of Neuberger Berman Investment Advisers LLC, its portfolio managers, employees or affiliates.  These views are current as of the time of publication and are subject to change without notice. The Group does not accept any responsibility to update any opinions or other information contained in this document.  No recommendation or advice is being given as to whether any investment or strategy is suitable for a particular investor. Readers should not assume that any investments in securities, companies, sectors or markets identified and described were or will be profitable.  Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. Certain products and services may not be available in all jurisdictions or to all client types. Indexes are unmanaged and are not available for direct investment. A bond’s value may fluctuate based on interest rates, market conditions, credit quality and other factors.  You may have a gain or loss if you sell your bonds prior to maturity.  Of course, bonds are subject to the credit risk of the issuer. This information should not be construed as specific tax or investment advice. Please contact a tax advisor regarding the suitability of tax-exempt investments in your portfolio. If sold prior to maturity, municipal securities are subject to gain/losses based on the level of interest rates, market conditions and the credit quality of the issuer. Income may be subject to the alternative minimum tax (AMT) and/or state and local taxes, based on the investor’s state of residence. Convertible bonds tend to offer a lower rate of return compared to other bonds in exchange for the value of the option to trade the bond into stock. Investing entails risks, including possible loss of principal. Past performance is no guarantee of future results.

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