This is because
while unconstrained funds are still primarily dedicated to fixed income instruments, they behave very differently than traditional bond funds.
This is because
while unconstrained funds are still primarily dedicated to fixed income instruments, they behave very differently than traditional bond funds.
Not exact matches
For example, in the bond portion of a portfolio with a large fixed income allocation, it's possible to pursue better income opportunities
while also managing the portfolio's sensitivity to interest - rate movements or other bond risks using an actively managed,
unconstrained bond
fund.
Messrs. Egan, Fink and Thompson have each invested over $ 1,000,000 in their
Unconstrained Bond
fund while Mr. Vincent has between $ 10,000 — 50,000 in it.
That said, several of the new registrations will end up being solid and useful offerings: T. Rowe Price is launching a global high income bond
fund and a global
unconstrained bond
fund while Vanguard will offer an ultra-short bond
fund for the ultra-nervous.