Bonds

Many investors assume actively managed bond funds outperform bond index funds when interest rates rise. On the contrary, the majority of active funds fail to beat their benchmarks in […]

Everyone knows interest rates have nowhere to go but up. It is only logical to avoid the inevitable “bond crash” by selling now, right? Not so fast.

 In our view, the primary role of bonds is to provide safety and capital preservation when they are needed most—during the inevitable periods of stock market distress.  Despite legitimate and […]

Q:  Can you explain how TIPS work and, given widely-reported negative yields, should we be worried about their future performance?

High quality international government bonds have historically provided similar levels of returns to those of U.S. Treasury bonds. Importantly, their safety shines when investors need it most—during times of […]

Q: With the recent news that one of the world’s highest-profile bond managers eliminated his fund’s exposure to U.S. Treasury bonds, should we be selling our Treasuries, too? […]

Q: Recent headlines have fueled worries about imminent increases in interest rates, the growing threat of inflation, and the likely negative impact for bond investors. Should we get out […]