Not exact matches
So, when an economist or bond
fund manager makes an accurate forecast about Treasury
yields, his or her clients are probably doing very well.
Bond
fund managers Jeffrey Aronson, Michael Vranos, and Boaz Weinstein discuss why they think high -
yield market is showing signs of a bubble.
Since the Great Recession,
fund managers have been talking about rising fixed - income
yields and their impact on equities and, more specifically, dividend - paying companies.
A spike in bond
yields and a clear change of direction from central banks means there isn't a lot of value in global bond markets, a
fund manager told CNBC on Tuesday.
Yields are going to rise, says James Morrow,
manager of Fidelity Investments» U.S. Dividend
Fund, and income - seeking investors should buy in before the masses rush into these stocks.
NEW YORK, Nov 28 - The Federal Reserve faces the challenge of standing by as financial markets «correct» as the central bank trims its asset holdings, U.S. hedge
fund manager David Tepper said on Tuesday, adding he was surprised the bond -
yield curve was so flat.
Investment
manager Third Avenue announced plans to liquidate its high -
yield - bond mutual
fund, and it said it would ban redemptions because it was unable to exit positions quickly.
All told, the jump in Treasury
yields has yet to make its way into the broader economy in the form of higher borrowing costs, yet it will likely start to dampen the housing and auto markets as consumer loans become more expensive, said Gary Cloud, a portfolio
manager of the Hennessy Equity and Income
Fund.
Pimco, one of the world's largest bond
fund managers, and widely followed Guggenheim Partners are among the investors who say benchmark 10 - year Treasuries
yielding 3 percent - now within reach - are too hard to resist.
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
fund management fees declined considerably as interest rates fell to near - zero levels, apparently as
fund managers worked to preserve a non-negative
yield for their investors.
While she expected that bond
yields might not fall too much near term as
managers would need to allocate some
funds to cash bonds, swaps and futures would likely remain under pressure.
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 Treasuries.
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.
Bond
fund manager who called dollar's slide says «it's not too late to move out of U.S. bonds» Jack McIntyre of Brandywine Global says look to emerging markets for attractive
yields on sovereign bondsJack McIntyre of Brandywine Global says emerging markets are still the place to look for attractive
yields on sovereign bonds.
The stupid (or corrupt)
yield chasing
fund managers who don't know or care who or why they lend the money are the ones who deserve to lose their shirts.
It occurs gradually over time as
funds» holdings mature and portfolio
managers replace them with newer, higher -
yielding securities.
Prior to Ziegler Lotsoff, he co-founded a high
yield and distressed hedge
fund, Simran Capital, where he was also a Senior Portfolio
Manager.
Eric Takaha, CFA Portfolio
Manager, Franklin Strategic Income
Fund Senior Vice President Director of the Corporate & High
Yield Group Franklin Templeton Fixed Income Group ®
Legitimate High
Yield Investing is a major concern these days following a multitude of investment scams ranging from the most infamous Bernie Madoff saga to smaller, yet equally painful scams involving purported CDs
yielding close to double digit rates (Stanford being the most prominent) to money
managers taking off with investor
funds.
The Company is a
fund manager across six core investment themes, such as external debt, local currency, special situations, equity, corporate high
yield and multi-strategy.»
It also highlights the appetite of
fund managers and pension
funds for the higher
yields available in emerging markets.
Our
fund managers invest in a well diversified portfolio of company shares with a target of achieving an annual
yield of around 3 1/2 %.
Investors and
fund managers search for
yield, extend maturities, reach for lower credit quality and shift assets from short term floating rate money market
funds to bonds, bond
funds and similar investments.
The appeal of preferred
funds is they offer higher
yields than bond ETFs, explains Alfred Lee, vice-president of BMO Global Asset Management and lead
manager of the bank's Laddered Preferred Share Index ETF (TSX: ZPR).
Even if a bond
fund manager has discretion with their maturities, I might opt for GICs over a lot of bond
funds these days because reasonably conservative, high - quality bonds might only be paying 3 %
yields right now.
Foreign money — institutions, pensions, sovereign wealth
funds, money
managers, retail — will continue to grab the remaining A-rated debt with a positive
yield.
Managers of these
funds often emphasize their expertise in areas such as high
yield credit and EM debt.
It's when the Aggregate Index is used to judge
manager performance in ITB
funds, specifically
managers that own substantial allocations to high
yield or EM debt, that it is akin to gerrymandering.
As central banks move away from ultra-loose monetary policy, and the global economic expansion matures, bond
fund managers will need to ensure their portfolios draw on a truly diverse range of sources of return and carefully consider portfolio risk if they are to generate
yield in the current market environment.
Previously, Mr. Hoff managed the high -
yield portions of the Fidelity Asset
Manager funds and several international high -
yield portfolios.
Konstantin Leidman is the co-Lead
Fund Manager for Global High
Yield and joined Schroders in 2012.
Both mutual
funds and ETFs are managed
funds and so there will be an investment
manager who oversees the
fund in terms of where the group's money will best be invested so as to
yield the highest dividends.
The
managers of the Rainier High
Yield Fund (RIMYX), Matthew Kennedy and James Hentges, have announced their intention to resign from Rainier Investment Management and join Angel Oak Capital Advisors.
Cornerstone Value
Fund Manager Brian Peery discusses the
Fund's focus on high dividend -
yielding stocks and why he doesn't believe a rising rate environment will affect companies» ability to maintain or increase dividends.
Neil Woodford — BBC Hardtalk 30 minute interview This Stephen Sackur BBC interview with London Value Investor Conference speaker Neil Woodford covers a variety of topics including the reasons for Neil's stunning success as a
fund manager, the skill sets that he thinks are important for
managers and entrepreneurs, his thoughts on the Eurozone; plus Neil also comments on the lack of value for money that the
fund management industry is providing to clients because many
funds are «taking fees for active management and returning passive
yields».
Cornerstone Value
Fund Portfolio
Manager Brian Peery discusses the
Fund's quantitative investment strategy, which seeks large, widely held dividend -
yielding companies.
Even as defined benefit
managers pursued seeming diversification with bad payoffs as noted above, and should have sought long term guarantees, at a time like now, where guarantees are tremendously expensive, and
yields are high because of possible default, it is a time to take risk, and
fund the best entities that may not make it.
Understand that the
manager has greater scope to enhance the
fund's
yield than is typical for most bond
funds.
In addition, he is a portfolio
manager of Putnam Absolute Return 100
Fund ®; Putnam Diversified Income Trust; Putnam Emerging Markets Income
Fund; Putnam Fixed Income Absolute Return
Fund; Putnam Floating Rate Income
Fund; George Putnam Balanced
Fund; Putnam Global Income Trust; Putnam High
Yield Fund; Putnam Master Intermediate Income Trust; and Putnam Premier Income Trust.
Also, their
yield may be lower than it should be, because they must keep investing new cash, which may require the
fund managers to purchase at less - than - optimum valuations.
A FAVORITE BECAUSE: With bond
yields in general at historic lows, this
fund's 0.23 % exp ratio gives it an advantage even better
managers at other
funds won't be able to beat.
In addition, he is co-portfolio
manager of the Virtus High
Yield Fund.
dividend coverage, dividend
yield, Event Driven, Expected Value, Interior Services Group, IRR, Joe Lewis, Leo
Fund Managers, Magnier & McManus, Margin of Safety, Risk Arbitrage, Timeweave
Loomis Sayles Bond
Fund (LSBRX, 3.3 %) isn't technically a junk - bond fund, but longtime manager Dan Fuss has excelled as a bond picker, particularly in high - yield iss
Fund (LSBRX, 3.3 %) isn't technically a junk - bond
fund, but longtime manager Dan Fuss has excelled as a bond picker, particularly in high - yield iss
fund, but longtime
manager Dan Fuss has excelled as a bond picker, particularly in high -
yield issues.
Some
fund managers even waive part of their operating fees (expense ratio) due to low current
yields.
Even if your
fund managers aren't beating the market, they are probably (hopefully) getting you a better return than what you'd get from a high
yield savings account or a certificate of deposit.
The goal of the investment
managers of such
funds is to attain a relatively attractive
yield while maintaining the per share net asset value (NAV) at $ 1.
John Miller,
fund manager and co-head of fixed income at Nuveen, says that the
funds» performance is driven not so much by duration or
yield - curve positioning, but more by
yield, credit selection and bonds that have the opportunity for credit spreads to narrow over time.
AMG
Managers DoubleLine Core Plus Bond
Fund is a total return oriented portfolio invested across multiple asset classes, including non-core areas such as high
yield, emerging markets and bank loans, to help manage interest rate exposure.