The phrase "unconstrained funds" refers to money that can be spent or used without any restrictions or limitations. It gives someone the freedom to use the funds as they wish, without any specific guidelines or conditions. Full definition
This is because unconstrained funds» equity and credit exposure may actually add some diversification, in addition to yield. (blackrockblog.com)
This is because while unconstrained funds are still primarily dedicated to fixed income instruments, they behave very differently than traditional bond funds. (blackrockblog.com)
This is because, as I write in my new Market Perspectives piece, «Removing the Constraints: Understanding the Risks and Opportunities of Unconstrained Bond Funds,» unconstrained funds offer the potential to mitigate some of the challenges enumerated above. (blackrockblog.com)