With yields at near to record lows, there has never been a more challenging environment for pension schemes to invest in fixed income. Traditional passive or benchmark-relative active approaches may ...

Active fund managers have been on the defensive for years. As the biannual Morningstar Active/Passive Barometer regularly demonstrates, active funds overall don’t have a strong track record against ...

With U.S. interest rates settling into a 'normal' range, fixed income investors should rethink portfolio strategies as ultra-low yields are unlikely to return. The rise of actively managed fixed ...

Proponents of passive approaches for equity investors often argue that the index itself reflects an efficient measurement of the market’s valuation of the stocks in the index. In contrast, indices for ...

The stampede to passive strategies has been relentless. But most core active fixed income strategies, unlike their equity counterparts, have tended to outperform their benchmarks. It could be time to ...

Benz: Vanguard has put a big emphasis on active fixed-income management in the past couple of years. Can you give us some background on what’s driving that interest? And also how do you think about ...

Now more than ever, bond investors need to pay attention to their allocation and how it is being managed. Real Treasury bond yields, after adjusting for inflation, are above 2%—a level that, ...

A shift towards passive management strategies that have been growing in some areas of the investing landscape have created challenges for wealth managers. But while equity mutual funds have seen ...

For decades, traditional retirement planning followed a predictable formula: Work for 40 years, save in a pension or 401(k) and withdraw funds in retirement. But today’s economic landscape—marked by ...

Schroders' Jonathan Smith explains how schemes should construct their fixed income portfolio in the latest edition of Technical Comment. Traditional passive or benchmark-relative active approaches may ...