Chief Investment Officer Mark Heppenstall appeared on CNBC’s “Worldwide Exchange” prior to the Fourth of July holiday to share his insight on the recent optimism in the market, noting that the rally is justified given current equity valuations. In advance of the Federal Reserve's (Fed) July meeting, Mark discussed how the Fed is backed into a corner on interest rates as the central bank rarely disappoints investor expectations for a rate cut. In addition, he offered his perspective on opportunities in fixed income, adding that there is value in certain structured securities such as commercial mortgage-backed securities (CMBS) and high-quality collateralized loan obligations (CLOs).
To view Mark’s full CNBC interview, click here.
