Unconstrained bond funds have a nice-sounding pitch, but they’re poorly understood.
Fears of an impending bond market rout have been greatly exaggerated.
A market correction is more a question of ‘when,’ not ‘if’; being prepared is crucial.
In all the hoopla about ‘smart beta,’ bond funds have largely been left out—for now.
After five years of Fed-sponsored monetary steroids, real fundamentals are coming back into focus.
Beware the perils of taking on credit risk to reach for yield, Anthony Parish warns.