Target-Date Funds Look to Dampen Volatility in Their Bond Holdings
Some investment managers say that using passive bond indexes for target-date funds makes them more volatile when interest rates gyrate.
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Some investment managers say that using passive bond indexes for target-date funds makes them more volatile when interest rates gyrate.
The Wall Street heavyweight’s forecast did not live up to his three-decade record, as a widely predicted recession did not materialize.
Nearly $6 trillion is sitting in money-market funds held by investors who sought refuge from falling bond prices and this year’s turmoil at US banks.
The conversions complete the firm's transition fully to exchange-traded funds.
When Todd Rosenbluth thinks of actively managed fixed income ETFs, PIMCO is one of the firms to come to mind.