Unconstrained Fixed Income: Strategies that can reach different portfolio goals
Facing high stock prices, low interest rates and global economic uncertainty, institutional asset owners are seeking new ways to diversify and find sources of return. Unconstrained fixed-income strategies can play an important role in reaching both goals, but they require in-depth understanding. Investors need to be comfortable with what the strategies can — and cannot — do, how they can track the performance and how their managers are implementing the strategies. In this roundtable discussion, Todd Thompson, a senior portfolio manager at Reams Asset Management; Sean Banai, head of portfolio management at Voya; and David Zee, a senior vice president at Callan, talk about the pros and cons of carving out an allocation to unconstrained fixed income.