Sentences with phrase «alliancebernstein unconstrained bond fund»

These include currency - hedged ETFs, triple - levered ETFs based on commodities, unconstrained bond funds with short positions betting against U.S. Treasurys, private equity funds, emerging market debt instruments, historically less - liquid bank loan funds, and all manner of actively managed strategies packaged in supposedly easy to buy and sell wrappers.

It so happened that Bill Gross, the portfolio manager of the Janus Global Unconstrained Bond Fund, made that 2.6 % call in a Bloomberg interview on Friday and then in his monthly investment letter on Tuesday.

In this case, that promise is the rise of the unconstrained bond fund.

With unconstrained bond funds free to take an unusually wide range of risks, investors should make sure they aren't taking on too much risk themselves in buying such funds.

GTO joins the highly popular global unconstrained bond fund market, facing stiff competition from the likes of BOND and TOTL.

As the name implies, an unconstrained bond fund isn't restricted to a sector or strategy or even a country.

In general, the unconstrained bond funds haven't been doing all that great.

Unconstrained bond funds have been known to move very quickly in and out of certain credits, even holding over 50 % cash at times.

There probably aren't any systemic consequences to the proliferation of unconstrained bond funds, except a continuation of the credit bubble and maybe a lot of unhappy investors.

The lawsuit ratchets up vitriol between Gross, 71, who now runs the Janus Global Unconstrained Bond Fund for Janus Capital Group Inc, and Pimco, which he co-founded and built over four decades into the largest U.S. bond fund complex.

In an unconstrained bond fund, the manager can hedge interest rate risk with futures, options, or swaps, or even short Treasury bonds or notes, and make up the loss in yield by overweighting credit.

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.

To be sure, unconstrained bond funds are no panacea.

At Janus, Gross will manage the recently launched Global Unconstrained Bond fund and related strategies.

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.

A portfolio containing an unconstrained bond fund will likely have modestly higher risk.

Many unconstrained bond funds also own some equity.

For example, in the bond portion of a portfolio with a large fixed income allocation, it's possible to pursue better income opportunities while also managing the portfolio's sensitivity to interest - rate movements or other bond risks using an actively managed, unconstrained bond fund.

Messrs. Egan, Fink and Thompson have each invested over $ 1,000,000 in their Unconstrained Bond fund while Mr. Vincent has between $ 10,000 — 50,000 in it.

From a recent interview with Bill Gross, manager of the Janus Global Unconstrained Bond fund: Years of easing by central banks mean that interest rates in most of the developed world will fluctuate narrowly.

Indeed, all but two of the alternative bond funds by themselves actually had losses that year, the worst being AllianceBernstein Unconstrained Bond Fund (AGSAX), at -16.52 %.

Of the 10 alternative bond funds, only four of them — Iron Strategic Income Fund (IFUNX), Deutsche Unconstrained Income Fund (KSTAX), MainStay Unconstrained Bond Fund (MASAX) and Dreyfus Opportunistic Fixed Income Fund (DSTAX)-- led to a higher seven - year annualized return when used in a 60/40 portfolio.

Effective as of the opening of business on 9/25/17, the Hartford Unconstrained Bond Fund merged into the Hartford Strategic Income Fund.

Note (1) to Janus: You don't have a Global Unconstrained Bond Fund.

The Janus Global Unconstrained Bond Fund had grown from $ 13 million before Gross took over to $ 1.2 billion through Nov. 28, according to data compiled by Bloomberg.

An «unconstrained bond fund» invests in anything with a coupon payment.

The Janus Global Unconstrained Bond Fund, which Gross started managing last month, drew an estimated $ 364 million in client deposits in its first full month with the bond legend at the helm, bringing assets to $ 442.9 million through Oct. 31, according to data compiled by Bloomberg.

The Risks of Go - Anywhere Bond Funds Most unconstrained bond funds replace interest - rate risk with corporate credit risk, which can make their portfolios behave more like stocks.

Because they are not managed against a specific benchmark, unconstrained bond funds may also pose challenges for investors in understanding and measuring their performance.

It is this widespread market sentiment that has driven the surging popularity of unconstrained bond funds, which offer wide latitude to fund managers on duration management and investment selection.

Even though the first fund started in 1969, it wasn't until after the global financial crisis of 2007 - 2008 that unconstrained bond funds started gaining traction among investors.

We use fund data from Morningstar to gauge the size and growth of unconstrained bond funds.

Exhibits 1 and 2 show the rapid growth of unconstrained bond funds since 2008 in terms of both AUM and number of funds.

Though unconstrained bond funds do show periods of low, or at times negative, correlation to the U.S. Aggregate Bond Index, they also tend to demonstrate persistently high correlation of above 0.50 to the Global Aggregate Bond Index, though only until 2014.

Exhibit 1 shows the rolling two - year correlation of the average monthly return of unconstrained bond funds to that of the U.S. and global aggregate bond indices.

On average, unconstrained bond funds experienced a maximum drawdown of 3.02 %, which was better than the U.S. Aggregate Bond Index and the Global Aggregate Bond Index.

We examined each of these claims for the average performance of unconstrained bond funds since 2011 and noted that fund performance varied among them.

Exhibit 2 shows the risk / return profile of unconstrained bond funds versus the U.S. and global aggregate bond indices.

In the aftermath of the global financial crisis of 2007 - 2008, one noticeable trend in fixed income investment is the growth and popularity of unconstrained bond funds.

On average, unconstrained bond funds delivered lower return and lower return per unit of volatility than the U.S. Aggregate Bond Index and higher return than the Global Aggregate Bond Index.

Mackenzie Investments, a unit of Winnipeg, Manitoba - based IGM Financial Inc., plans to start four fixed - income ETFs, including a floating - rate fund and an unconstrained bond fund, the filings show.

Most unconstrained bond funds claim to offer the following potential benefits: Low correlation to core fixed income; Attractive risk - adjusted returns; and Actively managed downside risk mitigation.

Exhibit 3 shows the maximum drawdown for unconstrained bond funds versus the core fixed income indices for the analysis period.

Harbor Funds» Board of Trustees has determined to liquidate and dissolve the Harbor Unconstrained Bond Fund (HRUBX), which is roughly but not perfectly a clone of PIMCO Unconstrained Bond (PUBDX).

That said, several of the new registrations will end up being solid and useful offerings: T. Rowe Price is launching a global high income bond fund and a global unconstrained bond fund while Vanguard will offer an ultra-short bond fund for the ultra-nervous.

Barron's Focus on Funds columnist Brendan Conway deems MPI's research on the «eclectic bunch» of unconstrained bond funds amongst the day's best.

From hedge funds to newsletters, from financial advisors to unconstrained bond funds, there are calls to action coming from every corner of the investment universe that range from mildly alarming to downright terrifying.

Not exact matches

The optimal allocation to unconstrained funds, however, is rarely a one - for - one swap with a traditional bond fund.

This is because while unconstrained funds are still primarily dedicated to fixed income instruments, they behave very differently than traditional bond funds.

As their name implies, unconstrained funds typically contain a more heterogeneous mix of bonds than traditional bond funds heavily weighted to Treasuries.