Jay Kaplan Talks Stock Picks and the Fed’s Recent Meeting on Fox Business by Royce Funds
Jay Kaplan: Timing of interest rate hikes priced into markets?
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On July 30, 2014—following the Federal Reserve’s July FOMC meeting—Portfolio Manager and Principal Jay Kaplan, joined by The Wall Street Journal’s Chief Economics Correspondent Jon Hilsenrath, was a returning guest on Fox Business News’ “Countdown to the Closing Bell” with host Liz Claman.
“I think the consensus thinks short-term rates are going up next year,” said Jay on the Fed’s July statement. “I’d agree with that, so it’s kind of priced in,” he added.
Jay also discussed where he is currently finding opportunities.
Jay Kaplan has 26 years of investment experience. He manages Royce Dividend Value Fund and Royce Total Return Fund (with Chuck Royce), Royce Value Fund, and Royce Capital Fund – Small-Cap Portfolio. He also serves as the assistant portfolio manager—along with Lauren Romeo—of Royce Pennsylvania Mutual Fund.