New Vanguard research considers the question of patience in active fixed income investing. Outperforming active fixed income funds have periods of underperformance, with differences seen across investment strategies.
Roger Aliaga-Díaz, Vanguard’s chief economist, Americas, and head of portfolio construction, explains why investors should maintain their bond positions even in an environment of rising interest rates.
A comprehensive analysis reviewing the portfolioâ€™s key exposures, performing scenario analysis and a forward-looking assessment is critical to evaluate a portfolioâ€™s quality relative to its benchmark and/or an investment alternative.
The recent sharp recovery in the global equity markets has represented a disconnect between the economy and the equity market. Despite the short-term negative macroeconomic outlook, there is an anticipation of a return to more normal economic conditions in the medium and long term.