FYI: Bond funds can offer income, diversification and liquidity to a client portfolio—important features when investors are considering the right mix of assets for achieving their investment objectives.
This article describes how experienced managers of active bond mutual funds and active exchange-traded funds (ETFs), drawing on expert research and trading support, seek to add value by discovering attractive investment opportunities created by bond market inefficiencies.
Regards,
Ted
http://www.etf.com/sections/etf-industry-perspective/fidelity-fixed-income-opportunities