Maciej Kowara

The fixed-income side of your 60/40 portfolio may need an overhaul.

Sharpening your fixed-income portfolio allocations can improve results.

Differences in the pricing of individual bonds has implications for the calculation of funds' net asset values.

A look at how different firms price the same bonds, including corporate bonds, Treasury bonds, and more.

Real assets are often thought of as an inflation hedge, but their diversification benefits are a plus, too.

Since March 2009, investors have collectively paid $1 billion more in fees to liquid alternative mutual funds than what they’ve gained in return.

These securities may look appealing on paper, but investors should be aware of their drawbacks.

Will the bear market keep pawing at your long-term returns?

Here's a look at some strategies that combine the two factors and how they have fared.

The performance of liquid alternatives has shown some marginal improvement over the last three years.

We address some questions about our recent study on liquid alternatives’ performance.

We give an in-depth look at how we determined that winning managers trail their benchmark for a decade on average.

A framework for evaluating the diversification benefits an alternative mutual fund might confer to a traditional portfolio.

We’ve upgraded Western Asset Core Bond's Analyst Rating to Gold, thanks to its improved Parent rating, outstanding fixed-income staff and resources, and fine long-term performance.

Data point to increasing diffusion of assets across active U.S. stock funds, which could theoretically make the market more efficient.

TIPS have performed well as insurance against inflation, but they haven’t proven themselves as an investment vehicle. 

The latest update to the Morningstar active/passive barometer reveals that actively managed bond funds are much more likely to beat their benchmarks than equity funds.

Conventional wisdom holds that higher rates will hurt stocks with high dividend yields, but we find the supporting evidence rather weak.

Over the last year, we found that bond funds were less sensitive to rates than their reported durations would suggest.