More
bond managers buy this set of bond calculators than individual bond investors, and so the input convention used in this cell is what they're used to using.
They trade as if there is no conversion option, and some clever junk
bond managers buy them, knowing that if a few of them have stocks that rally significantly, they will make enough extra money to aid their performance.
Not exact matches
To maintain the balance of their portfolios, pension fund
managers have been selling equities and
buying more
bonds, and their notable demand for the latter counters the popular narrative that the 35 - year rally in fixed income is over.
To reduce the risk of capital losses, sell
bonds and
bond funds with a 10 - year - plus time horizon and
buy short - term notes instead, says Dominic Bellissimo, a portfolio
manager with Dynamic Funds.
To
buy nonprofit
bonds, contact your portfolio
manager — these types of
bonds are typically sold first to investment banks, which then extend them to individuals.
Furthermore, the 1 percent you pay to your money
manager doesn't always cover the costs of
buying and selling the stocks and
bonds in your portfolio or the sales charges (also known as loads) and administrative fees charged by the mutual funds your
manager puts you into.
Not all prominent
bond fund
managers are
buying in.
Certainly, it offers an attractive level for longer - term investors such as pension and insurance funds to lock in a relatively decent yield, and will tempt some portfolio
managers to
buy bonds rather than equities.
Money
managers at Goldman Sachs
bought $ 2.8 billion face value of Petroleos de Venezuela
bonds at a deep discount last week, attracting the ire of critics of President Nicolás Maduro.
Portfolio
managers selecting
bonds from this grouping can gain access to the same risk factor without needing to
buy all the
bonds in the index to get the beta exposure.
Reining In Rates O'Neil, one of the
managers of the $ 26 billion Fidelity Total
Bond Fund, said rising bond yields could be reined in by at least three forces: Federal Reserve Chair Janet Yellen's commitment to a very gradual program of rate hikes, the traditional aversion to budget deficits by the Republican - controlled Congress, and buying by overseas investors who may use the recent jump in rates to snap up more Treasur
Bond Fund, said rising
bond yields could be reined in by at least three forces: Federal Reserve Chair Janet Yellen's commitment to a very gradual program of rate hikes, the traditional aversion to budget deficits by the Republican - controlled Congress, and buying by overseas investors who may use the recent jump in rates to snap up more Treasur
bond yields could be reined in by at least three forces: Federal Reserve Chair Janet Yellen's commitment to a very gradual program of rate hikes, the traditional aversion to budget deficits by the Republican - controlled Congress, and
buying by overseas investors who may use the recent jump in rates to snap up more Treasuries.
What's more, since fund
managers regularly
buy and sell
bonds, there may also be capital gains and losses incurred.
But the real emergency affects mainly debtors — mortgage debtors with negative equity, companies loaded down with junk
bonds (many of them taken to
buy back corporate stock and increase dividend payouts to increase the price at which
managers can cash out).
Although there have been many ups and downs in this extended rate cycle, junk
bonds and the portfolio
managers who
buy and sell them have never experienced a rise from these yield levels before.
In a
bond mutual fund, the
managers constantly
buy and sell
bonds.
These are like mutual funds, where a
manager buys individual
bonds and then allows you to invest in the entire portfolio with just one purchase.
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.
There is a
manager of the fund who is
buying and selling mostly stocks and
bonds for the fund in an attempt to make you money.
When I was a corporate
bond manager, if a deal was upsized by a large amount during a period while the market was hot, I would not
buy.
(Many
managers would not
buy bonds that traded at a premium.)
I once was a mortgage
bond manager, and I
bought senior securities because the yield spreads on the lower - rated securities were so small.
As an investment grade corporate
bond manager, I
bought a convertible
bond once, where it was «busted,» and was attractive just for the income alone.
If the fund
managers buy or sell various
bonds within the portfolio, their must be a sound financial reason for doing so.
When I was a
bond manager for an insurance company that had long - dated promises to pay, I
bought a variety of fixed - rate
bonds that that appreciated dramatically in value in a falling interest rate environment.
And to the degree that you are a smart
manager, you can lessen your dependence on the big guys, and work with the hungry second tier, who know that money can be made by implementing the ideas of smart investors, so find ways to
buy cheap
bonds for smart investors from dumb investors, and sell rich
bonds from smart investors to dumb investors.
You never hold to maturity as this is handled for you - in many cases, the
manager will be
buying and selling
bonds all the time in order to give you a stable fund that returns you a dividend.
When I was a
bond manager, dealer desks would often try to sell or
buy bonds off of unusual benchmarks.
The portfolio
manager bought two Great - West Lifeco Inc.
bonds earlier in 2017 that were trading at a discount to what he believed they would get called at — par ($ 100)-- at the next call date.
The length of the ladder can be managed, etc. - With an active (and competent)
bond fund
manager you are paying for their skill in
buying and selling to manage interest rate risk and duration.
Aspects of the lending markets that used to be the sole province of the banks and other lenders are now available for
bond managers to
buy in a securitized form.
When I was a corporate
bond manager, aside from rare occasions, I never
bought floating rate debt.
If supply considerations, such as a new issue, have caused yields to be high relative to historical norms for a particular retail company compared to comparable credits, a
bond manager would sell the more expensive retail
bond and
buy the cheaper one compared to the historical relationship between them.
Fund
managers said the metal was bid up on expectations of further U.S. monetary easing and that bullion could sell off if Federal Reserve chairman Ben Bernanke does not announce a new
bond -
buying stimulus program at an annual Fed conference in Jackson Hole, Wyo., on Friday.
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.
Essentially, hedge fund
managers and other active traders can
buy individual
bonds that they like and then hedge their overall
bond market exposure by short sell ¬ ing an index - based ETF.
The fund
manager looks to the S&P 500 value relative to its historic moving average and
bond curve inversion as
buy and sell signals.
The strategy of the mutual fund
managers was to
buy and sell stocks and
bonds with some frequency to «beat the market.»
Fund
managers then use the money raised to
buy stocks,
bonds or other investments.
Another incident seemed unrelated at the time, but today seems very related — one day I asked the high yield
manager what sorts of spreads he looked for in
buying bonds.
For a corporate
bond prospectus, this one is really long, ~ 320 pages, longer than some securitizations that I used to
buy as a mortgage
bond manager.
The most likely way there is a difference between your portfolio and that of VBTLX is if the
manager of that fund rebalances (sells aging
bonds and
buys newer ones so as to maintain a target maturity).
If I want to
buy a
bond fund
manager, ART or LM are much cheaper.
Also, if you
bought the underlying and held them to maturity, then your potfolio would start out with a long duration and grow shorter over time (Unless you keep
buying bonds the same way the mutual fund
manager does).
The CDO
manager would say that it depends on the amount of leverage he and his competitors can employ in
buying bonds for his deals, and how dearly he can sell his equity and subordinate tranches.
Insured
bonds could be sold at AAA rates, and
bond managers would
buy them more easily because they were more liquid.
As a matter of fact, group plan fund
managers can take advantage of other funds that have to sell
bonds at a discount, as well as
buying strip
bonds.
A key reason that these losses can be permanent is many fund
managers actively
buy and sell
bonds, meaning they are highly likely to sell positions at a loss after a rise in rates, decline in credit rating or when a lack of liquidity may mean they have to sell at a lower market price.
Managers are said to be «
buying convexity» when they shift into higher convexity
bonds and possibly reducing their portfolio yield.
Portfolio
managers selecting
bonds from this grouping can gain access to the same risk factor without needing to
buy all the
bonds in the index to get the beta exposure.
When the Fed
buys Treasuries neither the banks or most mutual fund
managers are able to sell their now expensive tbills for higher yielding cash or other credit
bonds.