Margie Patel, a money manager at Wells Fargo & Co. in Boston, who oversees about $1 billion, says she recommends cyclical stocks because she believes "we are on a multi-year sustained recovery."
Margie Patel, a money manager at Wells Fargo in Boston, who oversees about $1B, says "high yield is still the only game in town for fixed income investors." Patel has a very good track record as the manager of the Pioneer High Yield fund.
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Margie Patel is a well regarded HY manager, and in this interview she discusses the appeal of equities, the outlook for the high-yield debt market and investment strategy.