06.12.24
Bond Investors Are Paying Up Again for Active Fund Managers
by: Vicky Ge Huang
Some $105 billion has flowed into actively managed fixed-income funds on a net basis this year, according to Morningstar Direct data as of April 30, compared with $74 billion for funds that choose investments by tracking an index. That marks the first time flows into active bond funds topped those into passive funds during the period since 2021. Bonds have stabilized since posting their worst year on record in 2022. Still, the Bloomberg aggregate bond index has delivered a negative total return, including interest payments, of 1.2% this year. As a result, some investors are turning to professional bond pickers.
Read the full article on The Wall Street Journal