Thornburg Betting On Rising Interest Rates, Grows Bearish On Tesla, Likes Netflix

Thornburg Investment Management is a U.S-based investment manager that has an asset base of around $55 billion across a range of different funds. In terms of its equity portfolio, the firm primarily invests in growth and value stocks across all capitalizations. Its Thornburg Value Fund has outperformed the broader S&P index by about 1 percentage point annually since its inception in 1995, returning 9.54% per year on average.

In its recent newsletter for the third-quarter, the investment...