The Real Meaning of Low Yields

Executive vice president and chief investment officer of The Home Insurance Company in New York. He was previously the chief executive of the Axe-Houghton and the Keystone Custodian Fund groups and head of the Bankers Trust institutional investment department. Earlier in his career, Mr. Schroeder served as assistant portfolio manager of the Templeton Growth Fund, rising to president of Templeton, Dobrow and Vance, Inc. He holds an M.B.A. in finance and a B.A. in economics from New York University.