Market Vectors’ Fran Rodilosso: With Tapering Set to Continue under Yellen, Investors May Look Again at Duration and Credit Risk

NEW YORK--(BUSINESS WIRE)--Federal Reserve Chair Janet Yellen’s six-hour testimony before the House Financial Services Committee earlier this week provided confirmation that the Federal Open Market Committee (FOMC) plans to continue tapering at its current pace, and that there would need to be a strong indication of change of direction in the economy for that process to stop, according to Fran Rodilosso, fixed income portfolio manager at Market Vectors ETFs.