
Structural Advantages of Active Management in Core Fixed Income Strategies
Experienced active managers can capitalize on opportunities that fall outside their benchmarks and can manage unwanted concentrations.
Experienced active managers can capitalize on opportunities that fall outside their benchmarks and can manage unwanted concentrations.
Inflation appears to have peaked in the U.S., but wage growth and labor markets need to soften further before the Federal Reserve can start to lower rates.
We expect rates to hold steady for longer than the market expects, but they could also fall off a cliff. Bond investors need to prepare for both scenarios.