My favorite bond funds are not known for their king like managers. And I like it that way. One would think that the world renowned Bill Gross (whose compensation reached $200 million in years past) could make things work at PIMCO. But with interest rates so low, it was getting too hard for him to make a difference.
In this interest rate environment, the only way a bond fund manager is going to make a difference is by taking on more risk than his competition. It’s not rocket science. But I have a feeling investors aren’t going to be comfortable with these risks, as I explained here.
Latest posts by E.J. Smith (see all)
- What Facebook’s Libra Means to You - June 26, 2019
- U.S. Cyber Attack on Iran was Real, Now What? - June 25, 2019
- Is the World’s Largest Money Manager Pushing You into an Annuity? - June 24, 2019