The Problem With Investing in Bond Indexes (EP.99)
The Long Term Investor
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The Role of Bonds in the Bond Market
Peter Lazaroff: Active bond funds are often so cheap that it's easy to assume they're a passive fund. He says active managers can take advantage of rules based processes while also enjoying the benefits of active bond management. New securities make up about 20% of bond market capitalization annually compared with about 1% in equity markets, he says.
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