The recent spike in interest rates has spooked bond investors and has created questions around the asset class. Bill Gross of PIMCO directs the world’s largest bond fund and his insights are worth reading. It is hard not to react to this recent spike in rates by lowering your exposure to bonds, in fact that is what many investors did as a response to the negative results of this asset class in the second quarter. This read is important in understanding the ways bond managers will work to provide income and return in the future as rates continue to rise. Call me if you have any questions or concerns, understand we to are concerned but confident in those we have engaged to manage assets.
Click below to download a PDF of Bill Gross’s article