MIAMI -- After the flat decade that stock-based mutual funds have had and with post-World War II baby boomers starting to retire, "it's all about income now,'' said Matt Witkos, president of Eaton Vance Distributors, at the opening of the National Investment Company Service Association 29th Annual Conference & Expo.
The challenge is to mix in a portfolio of global bonds along with stock funds to give some kind of protection against downward movements in stocks, Witkos said in the "Face the Membership" panel that is opening the show.
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