Cash has poured into money market funds since the Federal Reserve began its rate hiking cycle. But now that the central bank seems close to a rate cut, financial advisors are trying to push their clients away from these funds that could soon see their yields slashed. Short-term debt has been a popular investment over the past few years, and money market funds are a top example. There's currently more than $6 trillion in money market funds, with nearly $2.
mountain This bond ETF yields almost 5%. Active management For investors who don't want to manage a bond strategy on their own, actively managed bond funds could make sense. Ken Brodkowitz, chief investment officer at Gries Financial Partners, said his firm has been shifting into strategic income funds to get a bit more duration. These are actively managed multisector bond funds that have flexibility to hunt for extra yield as rates fall.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: 12News - 🏆 586. / 51 Read more »