5min chapter

Animal Spirits Podcast cover image

Talk Your Book: Investing in Fixed Income

Animal Spirits Podcast

CHAPTER

The Inefficiency of the Aggregate Bond Index

A lot of people don't really understand what's in those total bond or aggregate bond indexes. The numbers actually show actively managed fixed income does a lot better than an equity side of things. We look at the index again as a proxy for the market and we think there are times to own risk and fixed income times to avoid risk.

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