Active bond mutual funds are increasingly exposed as interest rates rise, Bloomberg Intelligence’s Eric Balchunas says. The risk matters because the category holds trillions and has been relatively shielded from the passive shift by aggregate-benchmark comparisons.
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Active bond mutual funds are increasingly exposed as interest rates rise, Bloomberg Intelligence’s Eric Balchunas says. The risk matters because the category holds trillions and has been relatively shielded from the passive shift by aggregate-benchmark compari
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