According to the firm's chief investment officer, the central bank's next move higher could happen before year's end.
"Our expectation is the Fed still has more activity to take place, potentially one to two more rate hikes before they finish," he told CNBC's""Interest rates are a lot higher. People actually earning a real return — a real income on their fixed-income investments," said Davis."It's a very different market environment than what we've seen in the last 10 to 15 years or so.
"We've seen investors move really along the quality spectrum and to the shortest-dated securities away from credit into Treasurys. But, with this feeling of higher for longer, we're also seeing investors move to the longest end of the curve," said Jackson."We're actually starting now to see more investors move out to the end of the curve in 20-year-plus Treasurys to try and get more of that total return.
As of Sept. 30, Vanguard reported it has $7.8 trillion in global assets under management and it has more than 80 ETF investment products.21-year-old spent $300 to start his sticker side hustle — Now it brings in up to $38,000 a day: I was ‘unprepared' to go viral