Biotech sector will continue to see activity: Margie Patel

CNBC Television published this video item, entitled “Biotech sector will continue to see activity: Margie Patel” – below is their description.

Andy Kapyrin, Regent Atlantic director of research, and Margie Patel, Wells Fargo Asset Management senior portfolio manager and managing director, join CNBC’s “The Exchange” to discuss the current inflationary environment and the state of the market. Sign up for a free trial to CNBC Pro to access Margie Patel’s full Pro Talk interview:

Market-topping portfolio manager Margie Patel believes long-term investors need to take more risk in order to generate income and growth in the current low-rate environment.

Wells Fargo’s Patel said conservative investors, who are being punished in this environment, need to dial up their risk for the foreseeable future, by increasing their allocation in equities or high-yield bonds. Patel manages the five-star rated Wells Fargo Diversified Capital Builder Fund (EKBYX) with $1.2 billion in assets under management. The fund has topped the market over the five-year, 10-year and 15-year periods.

“I think people really have to rethink their approach to risk-free investments and how much income they are willing to give up in order to be risk free,” Patel said in the latest installment of CNBC PRO Talks with Leslie Picker. “The zero interest rate policy that the Fed is pursuing is putting a real penalty on conservative savers and that’s the reality.”

Patel also revealed which sectors she likes and which ones investors should avoid. Access the PRO talk replay:

» Subscribe to CNBC TV:

» Subscribe to CNBC:

» Subscribe to CNBC Classic:

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30:

Connect with CNBC News Online

Get the latest news:

Follow CNBC on LinkedIn:

Follow CNBC News on Facebook:

Follow CNBC News on Twitter:

Follow CNBC News on Instagram:



CNBC Television YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

About This Source - CNBC Television

CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.

Recent from CNBC Television:

  • There are many ‘orphan discount stocks,’ says Ariel’s co-CEO Rogers
  • LIVE: President Biden hosts the Major Economies Forum on energy and climate — 9/17/2021
  • Capital gains tax won’t impact market near-term: Investment strategist
  • Leave a Comment

    We don't require your email address now, just your name. BUT, if you do add it, you may be notified if there are replies to your comment. Please make respectful comments, which add value, and avoid personal attacks on others. Comments failing to adhere to these guidelines will not be published.