Not exact matches
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 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.
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.
Gross,
manager of the world's biggest
bond fund until he unexpectedly left Pimco on Sept. 26, is running the Unconstrained Fund out of a rented office a five - minute walk from Pimco's headquarters in Newport Beach, Califor
fund until he unexpectedly left Pimco on Sept. 26, is running the
Unconstrained Fund out of a rented office a five - minute walk from Pimco's headquarters in Newport Beach, Califor
Fund out of a rented office a five - minute walk from Pimco's headquarters in Newport Beach, California.
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.