NEW YORK, June 7 Loomis Sayles Vice Chairman Dan
Fuss said his popular Loomis Sayles Bond Fund, which has
outperformed 92 percent of its peer category over the last 15
years, has amassed one of its highest exposures to short-term
reserves, which include U.S. Treasuries and Canadian government
bonds, as the rate-hiking cycle continues.
“I am the most cautious I’ve been in the history of the bond
fund,” which was launched in 1991, Fuss said on Wednesday. “I am
cautious about interest rates rising,” added Fuss, who is known
as the Warren Buffett of bonds.
(Reporting by Jennifer Ablan; Editing by Phil Berlowitz)