The portfolios were caught in the market decline in December, but downside protection limited the fall.
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The portfolios were caught in the market decline in December, but downside protection limited the fall.
The firm’s balanced portfolio added more emerging market equities and fixed income because valuations have become more attractive.
Changes to Brandywine Global’s bond portfolio involve a pullback from risk assets as interest rates and the US dollar rise, said Brian Kloss, portfolio manager and head of high yield.
Part of the Mark Allen Group.