Red-Hot Manager Forecasts Volatile 2023
Buffalo Funds Flexible Income portfolio manager John Kornitzer was recently interviewed by Investor’s Business Daily (IBD) where he discusses a variety of topics including stock market risks in 2023, rising interest rates, and the energy sector. He also cites several examples of companies within the Fund’s portfolio that highlight his investment strategy at work:
- Arthur J. Gallagher (NYSE: AJG)
- Citizens Financial Group (NYSE: CFG)
- Truist Financial (NYSE: TFC)
- Rio Tinto (NYSE: RIO)
Flexible Income Fund
Total Assets $490.02 Million (3/31/22)
Expense Ratio 1.01% / 0.86%
Benchmark Morningstar Moderately Aggressive Target Risk
“Energy prices could spike or maybe come down. If they spike, it adds to the problem of (potential) recession. If they stay up, we could see lots of defaults and bankruptcies. It’s a tightrope.“
~ John Kornitzer, Portfolio Manager, Buffalo Flexible Income Fund
Past performance does not guarantee future results. Earnings growth is not representative of the Fund’s future performance. Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Standardized performance can be obtained here.
Opinions expressed are those of the author or Fund as of 11/18/22 and are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice. A complete list of the Fund’s holdings can be found here. Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.
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