Why Active Bond Managers Are Succeeding
Vanguard's Gemma Wright-Casparius cites manager skill in capturing credit premiums, along with low costs, as key drivers of outperformance.
Ben Johnson: I'm Ben Johnson, director of global ETF research with Morningstar, and I'm here on the sidelines of the 2017 Morningstar Investment Conference, just coming out of a panel discussion around the ins and outs of indexing in the fixed-income space. Our discussion centered around whether or not fixed-income and bond markets are the Achilles heel of indexing. Joining me to discuss more is Gemma Wright-Casparius. Gemma is a portfolio manager on the Vanguard US Core Bond Fund.
Gemma, thank you so much for being here.