Home » With Bonds in a ‘Coma,’ Buy Commodities: Bridgewater’s Patterson
(Bloomberg) — Investors should get out of bonds as rates rise and diversify their portfolios with exposure to commodities such as agricultural products, oil and metals facing supply disruptions due to the war in Ukraine, according to Rebecca Patterson, chief investment strategist for Bridgewater Associates.
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“You should absolutely have commodities in your portfolio,” Patterson said during an interview Friday with David Westin on Bloomberg Television. “We don’t know if bonds as a diversifier are dead or in a coma. I think they’re probably in a coma,” she said on “Wall Street Week.”
Stocks and bonds swung wildly this week as investors sought clues to the economy’s direction, Federal Reserve policy and the impact of the war in Ukraine. The Bloomberg US Aggregate Bond Index is down 7.9% this year through Friday, compared with a 5.8% loss for the S&P 500 Index.
Bridgewater Associates, which oversees $150 billion, posted a 16.3% return in the first…
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