Positioning for a Downturn with Value

In an environment of high valuations, lower and more volatile growth, and rising interest rates, value stocks that tend to have a lower sensitivity to rising rates are increasingly being sought after by investors. In a recent conversation with Barron’s, Eli Salzmann Senior Portfolio Manager, Neuberger Berman Large Cap Value Fund, discussed where he is finding value today and how he believes investors could position their portfolios defensively for an impending U.S. recession.