Fixed-income is the most overbought in his 55-year career, says Dan Fuss, preparing to open a...

|By:, SA News Editor

Fixed-income is the most overbought in his 55-year career, says Dan Fuss, preparing to open a fund to U.K. investors (what a salesman). He's busy slashing duration along with exposure to emerging markets and junk bonds ("from a valuation point, ridiculous"). "For heaven's sakes, don't go out and borrow money to buy bonds right now."