Miller Value Partners Income Strategy 4Q 2022 Letter
In the fourth quarter of 2022, the Miller Income Strategy returned 11.68%, while the benchmark ICE BofA US High Yield Index was up 3.98%.
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In the fourth quarter of 2022, the Miller Income Strategy returned 11.68%, while the benchmark ICE BofA US High Yield Index was up 3.98%.
Most fixed-income funds rallied in 2022′s final quarter but not enough to avoid a historically bad year.
Most fixed-income funds rallied in 2022′s final quarter but not enough to avoid a historically bad year.
The regime change from cheap money will mean that markets remain more complex and challenged than they have in the past decade.
Amid the crosscurrents, two themes have prevailed during the post-pandemic years, which lend some perspective to the macroeconomic roadmap ahead.