Sentences with phrase «good bond managers»

I've written too much, but I will give you one more key lesson of the period 1990 - 2008 regarding ratings, and this applies to sovereign issues today: Ratings that must be maintained in order to avoid a given result are dangerous, and good bond managers avoid investing in such bonds.
Good bond managers get a sense of when momentum is overdone, and act against it, but follow when the momentum is gentle.
Personally, I don't think Gundlach makes his money that way for his funds, but in case he does, how should a good bond manager view junk bonds?
A good bond manager has already decreased the portfolio duration (selling long term bonds to buy more short term bonds) to make sure that the bond fund doesn't drop drastically.
It is at that point that a good bond manager tosses as much risk as he can overboard without bringing yield so low that his client screams.
The good bond manager looks at the risks versus the incremental yields, and spreads his investments among a mix of good risks.
The best bond manager in the US is standing up front.»

Not exact matches

A better option, in Hallett's opinion, is an actively managed global bond fund, in which the manager can move in and out of countries as he or she sees fit.
So, when an economist or bond fund manager makes an accurate forecast about Treasury yields, his or her clients are probably doing very well.
By choosing relationship banks carefully, and selecting a bank that provides a single point of contact -; a single relationship manager that can be treated as a consultant as well as a credit manager — it creates a stronger bond.
A particular group of managers who constantly update their view on the best macro opportunities are known as ETF strategists — they use index ETFs to create a global stock and bond portfolio.
Efficient diversification will not be enough to earn good returns; even very well established track records will provide a less reliable guide to future performance; and bond managers will probably have to stray far from their comfort zone to deliver even modestly positive real returns.
The company, which invests about evenly in stocks and bonds, performed well against the backdrop of a particularly difficult bond year, portfolio manager Chip Carlson said.
But the company we keep is good, including Warren Buffett and most recently, Bill Gross of PIMCO (manager of the country's largest bond fund).
The overall allocation to bonds was steady at 40.8 percent, with several managers saying inflation - linked bonds offered good value, especially considering the recent rise in oil prices.
I think the issue here is whether any amateur fund manager (which I think is what we all are — including those financial advisers who create their own «homegrown» portfolios using trackers and bond funds) can seriously manage a portfolio for income or for growth and control against downside risk (in equities or bonds) as well as a good active management group like Invesco perpetual or M&G.
Enlightened investors intuitively recognize how difficult it is to consistently and accurately predict the best securities (stocks, bonds, mutual funds etc.), which money manager will outperform, or when to be in or out of the market or out — as is the traditional approach to managing portfolios.
The mutual fund manager, as well as a team of financial analysts, researches the area of investment and makes informed decisions about which stocks or bonds to buy or sell in order for the mutual fund to achieve the highest rate of return.
As a bond manager, I was pretty good at price discovery.
Many investment managers have lowered the average duration of their fixed - income investments well below that of the overall bond market.
Rather than put forth a costly effort to be known, it is cheaper to get the bonds wrapped by a well - known guarantor; not only does it increase perceived creditworthiness, it increases liquidity, because portfolio managers can skip a step in thinking.
We are well known as a specialty manager of Canadian corporate bond portfolios.
Give the man credit, and the erudite folks at Hoisington Investments who are quietly the best bond investment managers over the past 30 years.
«In our view this is probably a generational opportunity for high quality corporate bonds and provincials and federal agency bonds,» says Scott Lamont, head of fixed income at Phillips, Hager & North Investment Management Ltd., and manager of the firm's bond fund, a top - rated performer on the MoneySense Best Mutual Funds Honor Roll.
Let me put it this way, if someone can pick the best performing index of bonds to compare against stocks, what is to keep the stock manager from picking the best sub-index of stocks to be the policy comparison?
@Jerry, I agree that today the main risk in bonds is duration risk (AKA interest - rate risk)-- last weekend's Barron's has an interview with the UBS Wealth Management top managers pointing out this means convincing investors to switch from Treasuries and investment - grade corporates to well - selected junk (HYLD is a jewel there — DO N'T go for index funds in bonds, very differently from ones in stocks they make no sense... where's the sense in wanting to lend more to companies which are more indebted?!
Skilled managers may assemble a fund that performs better than funds with similar objectives, and sometimes better than the stock or bond markets as a whole.
Active bond managers focused on the short end of the yield curve did far better than their counterparts focused on equities and other pockets of the bond markets.
I did very well as a corporate bond manager for two short years, but in early 2003 my boss gave me an ultimatum, «Move up to the main office in Burlington, VT, or you are severed.»
That isn't to say you shouldn't expect your bond managers to be working hard to make the best of the opportunities out there but with this as a starting point there is a limit to what we can do.
The Index House recognizes how difficult it is to accurately and consistently predict the best securities (stocks, bonds, mutual funds, etc.), which money manager will outperform, or when to be in or out of the market — as is the traditional approach to managing portfolios.
Got ta do more research; this would be a lot easier if I were back to being an institutional bond manager, and had a better sense of the bond market pulse.
The manager closely monitors the attractiveness of corporate bonds in relation to government - issued bonds, and will concentrate the fixed income portion of the portfolio wherever the best relative value is found.
Enlightened investors intuitively recognize how difficult it is to consistently and accurately predict the best securities (stocks, bonds, mutual funds etc.), which money manager will outperform, or when to be in or out of the market or out — as is the traditional approach to managing portfolios.
Ask about the bond managers strategy as well.
A FAVORITE BECAUSE: With bond yields in general at historic lows, this fund's 0.23 % exp ratio gives it an advantage even better managers at other funds won't be able to beat.
«There are still some good people there — Dan Ivanscyn was named bond fund manager of the year — but I didn't go in his fund.
Two Factors: Volatility and Credit Spread To achieve better security selection, we chose two factors that empirically have demonstrated a strong relationship between factor exposure and performance statistics and that have long been incorporated in investment analysis by corporate bond portfolio managers.
There was a division of labor — credit analysts would opine on the likelihood of whether a company was «money good,» and portfolio managers would try to decide relative value, analyze structure issues, and figure out whether the bond fit client needs.
I have stories from that period... as a bond manager, I am at my best in crisis mode.)
As opposed to their Canadian equity portfolio management brethren, Canadian bond managers should do reasonably well after the FPL is removed.
Good corporate bond managers have an intuitive feel for when yield relationships justify a trade.
Because managers Dan Fuss and Kathleen Gaffney typically own a large helping of high - yield, or junk, bonds (those rated double - B or lower), as well as bonds from developing nations, the fund took a hit when investors bailed out of anything smacking of risk during the financial crisis and rushed into Treasuries.
More on MoneyWatch: Active Bond Managers Fare No Better The Economy Isn't the Same as the Market Why the Concern over Negative TIPS Yields Is Overblown When Dollar - Cost Averaging Makes Sense When Dollar - Cost Averaging Doesn't Make Sense Hear Larry Swedroe discuss current investment trends and topics every Sunday at noon on 550 AM KTRS in St. Louis or streaming via the KTRS Web site.
If the guarantor is not good, then the bond manager has to get an analyst to look at the underlying creditor.
The bond manager doesn't have to think about the credit if he knows the guarantor is good.
I was the risk manager as well as a corporate bond manager.
Though I was only a corporate bond manager for two very special years, where I did well against a tough market, the way I did business helped us to do well, by being ethical above all else.
I'm happy to say that I stayed above the fray, because as a corporate bond manager, technical analysis helped me manage market risk better.
Credit analysts are a corporate bond manager's best friends.
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