Kevin serves as Global Fixed Income CIO and the Co-Head of the Investment Committee. Kevin's career has spanned 30 years and during that time he has served in various capacities in trading, portfolio management, and risk management.
He joined RiverFront in 2010 and has served in several positions that included senior Fixed Income Portfolio Manager, Chief Risk Officer, COO of the RiverShares Division, and Chief Market Strategist prior to his current role. Kevin also serves on the firm’s Operating Committee. He is also a regular guest on financial news channels (CNBC, Bloomberg, Yahoo Finance) and is frequently quoted in the financial press.
Yields relative to Treasuries are elevated and offer an opportunity for price appreciation as the credit risk premium declines to more normal levels. Hence, in the RiverFront Moderate Growth and Income Portfolios we currently hold approximately 21% in short to intermediate corporate bond exposure and are overweight versus the benchmark.
Kevin Nicholson, RiverFront Investment Group CIO of global fixed income, joins 'Power Lunch' to discuss markets and rates.
RiverFront Global Fixed Income CIO Kevin Nicholson tells Yahoo Finance Live that Powell "hedged his bets at every turn" in the speech, adding that he expected the Fed to raise rates one more time this year.
Here’s why stocks have risen even while Wall Street has said to be cautious on the market.