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FYI: Does it pay to be active in fixed-income markets? To help answer that question, Martin Rohleder, chair of Finance and Banking at the University of Augsburg, examined the performance of active fund managers in his December 2017 study, “Bond Fund Performance: Does Management Activity Pay?” Regards, Ted http://www.etf.com/sections/index-investor-corner/swedroe-active-bond-funds-no-better