Many managers are of the mind that rates have gone about as far as they're going to go for a while, so investors probably don't want to exit the bond market while their funds are down, reports Morningstar's Eric Jacobson. Plus, get an update on fund category performance in the second quarter as well as updates on fund leaders and laggards, including PIMCO Total Return.
Morningstar's top strategists discuss their tips for investing in a rising-rate environment, where equity values lie, and some of their favorite investment ideas right now in this special midyear roundtable.
Though some assets are more sensitive to interestrates , even a conservatively tilted diversified portfolio has historically been able to produce positive returns through rising-rate environments, says DavidFalkof of Morningstar Investment Management.
Favorable fundamentals and better yields relative to other fixed-income assets make high - yieldbonds worthy of a long-term allocation, but investors shouldn't try to time the market and must ratchet down their return expectations, say T . RowePriceHigh - Yield manager Mark Vaselkiv.
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