March 1, 2021
2020 is destined to become a year that will be remembered just by mentioning two digits, much like ’87, ’01, and ’08 have become synonymous with the events of each respective year. All someone will need to say is “remember ’20,” and we’ll know everything that number entails from the pandemic to the presidency, and a lot in between.
My outlook for this year is more significant than any in the recent past when events from one year to the next were little more than shades of gray. This year, I believe, we’re witnessing the start of a transformation and evolution economically, politically, and socially.
Why Are Active Bond Funds Considering Bitcoin Exposure? March 1, 2021
With interest rates low, managers of active fixed income funds are looking for ways to boost returns. Bitcoin could actually be part of that equation.
Bitcoin and other digital assets are considered alternative assets, meaning they’re unlikely to proliferate in significant fashion, but some managers may be nibbling at the largest cryptocurrency.
“At this point, nontraditional bond funds, which have the most latitude to take risks, are the most likely to incorporate some form of bitcoin exposure,” according to Morningstar. “In fact, BlackRock added prospectus language in January giving two of its mutual funds the flexibility to invest in bitcoin futures. That included nontraditional bond strategy BlackRock Strategic Income Opportunities (BSIIX) as well as BlackRock Global Allocation (MALOX).”