Worried About Volatility? Go Global (Bonds)

Worried About Volatility? Go Global (Bonds)

Investors worried about interest-rate volatility should think hard about their commitment to the US bond market. And not just because US rates are poised to rise. Over the past quarter century, US fixed income has been more volatile than the hedged global bond market, often significantly so. But that’s not all: even US bonds’ volatility has been more volatile. Meanwhile, hedged global bonds have preserved more capital during down periods.

Michael Mauboussin: Challenges and Opportunities in Active Management And Using BAIT #MICUS

michael mauboussin, Credit Suisse, valuation and portfolio positioning, capital markets theory, competitive strategy analysis, decision making, skill versus luck, value investing, Legg Mason, The Success Equation, Think Twice: Harnessing the Power of Counterintuition, analysts, behavioral finance, More Than You Know: Finding Financial Wisdom in Unconventional Places, academics , valuewalkMichael Mauboussin's notes from his presentation at the 2020 Morningstar Investment Conference, held on September 16th and 17th. Q2 2020 hedge fund letters, conferences and more Michael Mauboussin: Challenges and Opportunities in Active Management Michael Mauboussin is Head of Consilient Research at Counterpoint Global in New York. Previously, he was Director of Research BlueMountain Capital, Read More

The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams.