Ashis Dash, associate director, fixed income manager research at Morningstar, looks at the number of bond managers that de-risked their portfolios towards year-end 2017 and heading into 2018.
A key reason behind bond managers de-risking their portfolios towards the end of 2017 was their view that market valuations were rich, and they expressed difficulty in finding bonds that were attractively...
Four potential outcomes
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