Pricey Credit Markets Fuel Anything Funds

Bond investors are increasingly shifting toward flexible funds to navigate tight risk buffers as credit valuations look lofty and leave little room for error. The commentary suggests positioning changes rather than a specific default or rate shock, implying a modest influence on credit fund flows and relative performance.

Analysis

Bond investors are increasingly shifting toward flexible funds to navigate tight risk buffers as credit valuations look lofty and leave little room for error. The commentary suggests positioning changes rather than a specific default or rate shock, implying a modest influence on credit fund flows and relative performance.