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The fund manager hasn't departed from the offense-defense strategy he outlined last summer, and he's still confused as to why more of his counterparts haven't followed suit. Related storiesThe top fund manager added: "So that leads people to this conclusion that maybe I should just index and put it all in the S&P 500. Diversifying in these ways reduces risk while improving returns, the fund manager said. There are several considerations when looking at corporate bonds, Miller said, including the issuing company's debt load, cash flow, and industry. After explaining his process for selecting corporate bonds, Miller mentioned a few companies with attractive debt.
Persons: David Miller didn't, Miller, Morningstar —, hasn't, he's, haven't, you'd, that's, , Miller doesn't Organizations: Systematic Alpha Fund, Business, Retail, Catalyst Funds, BNP, Constellation Brands, Modelo, McDonald's, HCA Healthcare Locations: Europe, Japan, Corona
But instead of basking in the success and recognition he's received recently, Miller told Insider that he's most excited about the outside-the-box investing strategy that he's concocted. Become a champion investor by playing defense — and making these 6 movesThe investing strategy Miller uses is related to an old sports adage: offense sells tickets, but defense wins championships. The defensive component of Miller's fund is more sophisticated. Currently, Miller's fund is following this method by selling bond futures contracts, which is a hedge against higher interest rates. If Markowitz saw Miller's fund, he may be proud.
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