Salient to Investors: Neil Woodford at Woodford Investment Mgmt is cautious on the global economy and is buying sectors resilient to economic downturns like drugmakers and cigarette makers. Read the full article at http://www.bloomberg.com/news/2014-07-06/woodford-s-cautious-stance-see-glaxo-bat-top-10-holdings.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Bill Black at Invesco says if Prop 29 passes, other states will raise their tobacco taxes, with significant impact on tobacco bond yields. California accounts for $28 billion of $102 billion of tobacco securities – tobacco securities haven’t beaten the market since 2009. Each 10 percent increase in tobacco prices
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