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Royce & Associates Portfolio Manager Bill Hench on how to adjust your portfolio to potentially gain from the volatility in the markets.
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Dates you never know what's going to happen in this market and it really the way portfolio managers have helped build Hampshire is one of them -- with the -- -- and you've got billions in assets under management you tell me.
What a portfolio manager.
We 2.3 billion in assets that you're managing does during the week like this -- what was the second has pressure due to say -- -- -- before at certain points.
We have been here before but doesn't make it any easier -- -- funds lose money.
What we do as well we always.
Make the portfolio.
Positioned in the best way -- you take advantage things -- developing.
So when you get the strength we want to make sure at least Patrick.
The performance of the market and and a little.
But I ever talk to you -- there's nowhere to hide that you haven't.
Sort of capitalize on market volatility how have you been doing what we're doing is we're selling those things that have been most successful.
And buying things that perhaps you little bit more time what do you sell but we -- we -- a lot of industrial names results technology names.
-- some health care is without portfolio -- it's not really sector.
We did it or anything its name by name portfolio.
Your voice opportunity fund is up about two point 6%.
President it's all it's always tough but you're you're sort of -- that's been hearing yield currently slightly -- of it but.
-- how do you convince people -- a you know what it's better to be in equities is that a dividend issue a dividend play.
Well what we did try to tell them what they should do as far as how much things when you're there -- -- we try to do is.
Is make sure that we capture outperformance was being involved in sports on small stocks are more risky there's more volatility and I must you willing to get.
You have to go out and give people very good returns and what's not what's -- -- -- Absolutely I'm so glad you said that I -- I don't need to pay somebody to lose my money I mean I can certainly do that I'll buy out.
You have to names that you like right now on the -- aluminum names -- and Century Aluminum right what is it about aluminum as this are recovering auto plant.
Well there's been -- Very very good.
Not to -- over deviation news you know excellent demand -- aviation.
And with these companies they they tend to work and specialized parts of the business might not in the commodities -- so somebody like.
Century actually.
As a just and different model that cutting geothermal -- and Iceland all places so one of ugly things about making aluminum that takes a lot of energy.
Yes -- expensive.
So -- you've got to cost advantage.
For the foreseeable future moves -- 52 week low would you buy more this is the only -- it's not only at a 52 week low but it was a seventy dollar stock about three years ago.
So the company don't need probably 67 dollars.
607.
There's lot of earning power there.
A lot of -- power but you also like the name like the Jones group which is right down.
Considerably certainly -- and that of course might be a consumer choice at the moment.
We'll -- -- -- the cognizant there was a -- to some extent -- there and I do believe that.
Absolutely not.
So -- know there are lots of for sale signs in places like Aspen and East Hampton things like that pop up there are people out there shopping you know and if you read reviews where it tell you that it's okay.
No matter what people tend to spend zero.
Albertson's and with Jones that got wonderful products that got a wonderful strategy and as a matter of time before you -- headlines.
Interface is also -- -- about once just 2% to the upside for the year but almost flat.
