‘Out of favor’ assets offer opportunity to make big money, says billionaire investor Howard Marks
September 9, 2020 | Yen Nee Lee | CNBC
SINGAPORE — Investments that have been “out of favor” could offer big returns that are becoming increasingly difficult to find in today’s low interest rate environment, according to Howard Marks, a widely followed billionaire investor.
“It’s not easy to find opportunities today,” Marks, co-founder and co-chairman of Oaktree Capital Management, told CNBC’s “Street Signs Asia” on Wednesday.
With yields on U.S. Treasury’s close to zero, other asset classes look “very attractive” in comparison — but returns may still be lackluster, he said.
