Do You Really Want a Benchmark-Beating Bond Fund?
AQR's Jordan Brooks discusses his research into what drives outperformance of fixed-income managers and what that means for investors.
Ben Johnson: For Morningstar, I'm Ben Johnson. Active fixed-income managers have by most measures been far more successful than their stock-picking peers when it comes to beating their benchmarks. But is that really, truly something we can attribute to skill as opposed to luck, or just loading up on factors that investors could combine on their own more cheaply. Here to explore this topic in more detail is AQR's Jordan Brooks. Jordan is a managing director with AQR and sits within the firm's fixed-income team.
Jordan, thanks for joining me.