Jeffrey Gundlach: Flexible yield was designed about four, five years ago to offer investors a place where they could hopefully have some success even if interest rates rise, so it's a relatively short
maturity type of portfolio.
For the time being we maintain about a two or three year
maturity type of portfolio.
Not exact matches
MBIA minimizes its exposure to interest rate risk through active
portfolio management to ensure a proper mix
of the
types of securities held and to stagger the
maturities of its fixed - income securities.
The
portfolio might invest in a particular
type of bond (government, municipal, mortgage or high - yield) or a particular
maturity range (short - term: three years or less; intermediate term: three to 10 years; or long - term: usually 10 years or longer).