The big names in this category have more to prove before we can fully recommend them, says Morningstar's Eric Jacobson .
UPDATE: How bond investors are hurting themselves
The longer that rates stay near all-time lows in the face of Fed exiting, inflation pressures, and a growing economy, the less it will take to cause a correction, says JPMorgan Strategic Income Opportunities Fund manager Bill Eigen.
During his keynote presentation at the Morningstar Investment Conference, the PIMCO manager made the case that high debt levels and a need for financial stability mean that central banks should keep real rates close to zero for some time.
Morningstar experts discuss how they're taking on one of the biggest financial challenges families face today.
Individual investors can do OK buying individual Treasury bonds, but pitfalls proliferate in other credit sectors, says Morningstar's Eric Jacobson .
Morningstar's Eric Jacobson runs the gamut with some of his favorite fixed-income funds, including ideas for core, short-term, multisector, high-yield, and muni exposure.
Morningstar's Eric Jacobson breaks down the nuances of GO, revenue, and tobacco bonds, warns about a yield pitfall to avoid, and offers best practices for researching muni fund portfolios.
Having Paul McCulley back as a mentor to the new generation of PIMCO leaders is an advantage, but it doesn't erase worries about succession, says Morningstar's Eric Jacobson .
Fears of rising rates have driven large flows to the category, but investors must take care to not eliminate the 'insurance' that core fixed-income funds offer.