We've raised Legg's Parent rating to Positive from Neutral following improvements to its affiliate portfolio, but challenges do remain.
Three top bond managers offer insights into the risks and opportunities.
Its bark is worse than its bite.
T. Rowe, Western Asset, and Dodge & Cox managers take top honors.
These funds haven't found a following among individual investors, but the big guys are beating down their doors.
After a brutal 2008 in which shareholders dumped funds en masse, inflows predominated in 2009.