Howard Marks has a new message for investors, look at 'out of favour' assets as they have a better chance of getting returns at a time when interest rates are at rock bottom.
The assets that Marks, who is co-founder and co-chairman of distressed-asset fund Oaktree Capital Management, considers to be "out of favor" are those that suffered the worst from the lockdowns, including retail, entertainment, hospitality and real estate stocks.
"Out of favour, we have real estate, especially retail real estate and real-estate in big cities. We have entertainment stocks, cruise stocks and hospitality stocks," he said.
No comments:
Post a Comment