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M* Investors In Unconstrained Bond Funds Capturing Less Than Half Of Returns:

TedTed
in The Bullpen
FYI: Investors in bond funds used to dampen the risk of rising interest rates underperformed both the “unconstrained” managers of those investments and traditional fixed-income funds during the last decade, according to a new analysis. That's because many investors got into and out of those investments at the wrong times — buying high, selling low or both.
Regards,
Ted
http://www.investmentnews.com/article/20150626/FREE/150629931?template=printart
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