Charles Bobrinkskoy of Ariel Funds: Stock Market Is Not That Expensive

Bobrinskoy thinks you can still buy cheap sectors regardless of Fed actions

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Sep 12, 2016
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Ariel Investments Vice Chairman and Head of Investment Group Charles Bobrinkskoy advises investors not to try to time the Fed's interest rates decision and buy underpriced sectors. Light cyclicals and financials are very cheap right now, he said. He mentions powertrain company BorgWarner (BWA, Financial) as an example of an attractve stock.