Best junk bond manager of decade says recession fears overdone
Fidelity's Mark Notkin sees mid-to-high single-digit returns for 2016
Mark Notkin expected the rebound in high-yield bonds. The earlier plunge in the first part of the year is what didn't make sense to him.
Mr. Notkin, whose $9.7 billion Fidelity Capital & Income Fund has outperformed all peers over the past decade, didn't flinch as high-yield bond prices tumbled in
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