Franklin Templeton's Ed Perks on Fixed Income Investing

Ed Perks, CIO of Franklin Templeton Income Investors, discusses his investment philosophy and approach to navigating various market conditions. Perks emphasizes the importance of understanding one's investing style, favoring reasonably valued assets with long-term potential and income generation. He highlights the significance of cross-asset experience, particularly in fixed income, for risk management and identifying asymmetrical trades. The conversation touches on the challenges of managing income portfolios through periods of volatility, such as the financial crisis and recent inflation shocks, advocating for a forward-looking approach and optimizing portfolio positioning. Perks also addresses the attractiveness of different fixed income sectors, including corporate bonds and agency mortgages, and the potential opportunities in structured equity and convertible securities.