That estimate (not for Wal - Mart but for bonds in general in the current recession) was given to me about a week and a half ago by the head
corporate bond fund manager of Vanguard.
Not exact matches
This process is similar to the approach that many active mutual
fund managers take with credit research on
corporate bonds.
In the old days of
bond investing, you would pick a
bond fund with a narrowly defined mandate, like «medium - term
corporates,» and the
bond manager would spend his life trying to outperform the stated benchmark.
«We would like to see more asset - backed or
corporate green
bonds, since issuance has been limited, and we are interested buyers,» says Delmar King,
fund manager at Praxis, the investment arm of Everence Financial of Indiana.
In pursuing income, the
fund's
managers have the flexibility to invest across the fixed income spectrum, including Treasuries, mortgage - backed securities,
corporate bonds and floating - rate term loans.
«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.
Pursuing income with an all - weather
bond portfolioDiverse opportunities: The
fund invests across all sectors of the U.S.
bond market, including mortgage - backed,
corporate, and government
bonds.A flexible strategy: The portfolio
managers pursue an attractive level of income, adjusting the portfolio to favor attractive sectors as interest rates and market conditions change.Leading research: The
managers, supported by Putnam's fixed - income research division, analyze a range of
bonds to build a competitive portfolio.
@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?!
Prior to that, she worked at UBS Global AM as the Head of UK Fixed Interest and as a
Fund Manager of Global
Corporate Bonds.
Equity and Income
Fund Manager Gary Cloud shares his thoughts on
corporate bonds, where he is finding selective opportunities in the energy and materials space, and what he thinks the Fed will do this year.
Seeking a high level of income for investorsIncome - focused: The portfolio
managers strive for a higher level of income than most
bonds offer by investing in higher - yielding, lower rated
corporate bonds.Focus on performance: The
managers can invest across a range of industries and companies, and can adjust the
fund's holdings to capitalize on market opportunities.Leading research: The
fund's
managers, supported by Putnam's fixed - income research division, analyze a range of
bonds to build a diversified portfolio.
Racicot says the best
funds are the ones where the
manager is free to move from government to
corporate bonds.
While most of the
funds he buys for his clients are more heavily weighted to
corporate debt, he'd rather leave it up to the
fund manager to decide the
bond mix.
He was responsible for the management of all fixed income assets, created and managed SEC - registered mutual
funds, and was the first portfolio
manager for their high - yield
corporate bond fund.
Bartlett is a portfolio
manager in Fidelity's Fixed Income Division and co-manages Fidelity
Corporate Bond ETF, Fidelity
Corporate Bond Fund and Fidelity Short Duration High Income
Fund (all since 2016).
Matt Bartlett has joined existing
manager David Prothro, a 25 - year Fidelity veteran, as co-
manager of Fidelity
Corporate Bond Fund (with retail and Advisor share classes), succeeding Mike Plage.
LG Partners, LLC (City, ST) 2000 — 2002 Member & Co-Founder • Manage two leveraged
funds: Bolton Capital and Pine Hill Asset Management • Invest primarily in equities, preferred stocks, high grade
corporate and convertible
bonds • Manage
funds to maximize absolute total return ensuring exceptional returns for investors • Train junior portfolio
managers in industry best practices and
corporate policies and procedures