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"(Fixed-income) investors need to adjust their expectations lower," says Loomis Sayles' Tom...

"(Fixed-income) investors need to adjust their expectations lower," says Loomis Sayles' Tom Fahey, as the math of bonds gets harder as rates go lower. Positive returns may lie ahead, but double digits or even high single digits are likely out for 2013. Among his favorite picks are emerging market companies issuing dollar or euro-denominated debt.
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