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Opposing economic forces currently pose major challenges for income investors. The Fed appears to be on a course of continuing to cut interest rates, but tariffs still threaten to inflame inflation, which could force an abrupt change of course. Credit risk premiums are extremely low by historical standards, but yields are up considerably from their lows of recent years. This session will present a path forward through diversification by income asset class, while also highlighting specific securities that offer attractive risk-reward tradeoffs at present.
Martin Fridson, CFA
Income Securities Investor,
Publisher
Martin Fridson is the publisher of Income Securities Investor and according to Investment Dealers' Digest, he is "perhaps the most well-known figure in the high-yield world." He has served as a CFA Institute governor and consultant to the Federal Reserve Board. In 2002 the Financial Management Association International named Mr. Fridson the Financial Executive of the Year. The CFA Society New York gave him its Ben Graham Award in 2017.
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