Tags: Bill Miller | financial | fund | mortgage

Bill Miller Says He Likes Small Financials, Mortgage Insurers

Bill Miller Says He Likes Small Financials, Mortgage Insurers

 (Source: Legg Mason)

Wednesday, 26 October 2016 08:02 AM

Bill Miller, who is best known for beating the S&P 500 Index for 15 straight years, says he has been buying financial stocks such as OneMain Holdings Inc.

“Some of the smaller financials are more attractive,” Miller said Monday in an interview on CNBC. “And mortgage insurers.”

Miller said he doesn’t hold any cash in his portfolio and that safe stocks such as utilities will continue to do poorly.

Miller’s $1.3 billion Legg Mason Opportunity Trust lost 4.6 percent this year through Oct. 21, trailing 99 percent of peers, according to data compiled by Bloomberg. Over five years he beat 97 percent.

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Bill Miller, who is best known for beating the S P 500 Index for 15 straight years, says he has been buying financial stocks such as OneMain Holdings Inc.
Bill Miller, financial, fund, mortgage
102
2016-02-26
Wednesday, 26 October 2016 08:02 AM
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