先锋警告投资者在利率变化的情况下重新评估债券基金

Interest rates have observed a noticeable shift since 2022, leading to potential changes in the risk profiles of active taxable bond funds as managers adjust to outperform in the new rate environment, Vanguard said.

“We expect interest rates to remain relatively high compared to those since the 2008 global financial crisis, even if the Fed continues to cut the federal funds rate as expected,” Vanguard, one of the world’s leading exchange-traded fund providers, stated in an investor note.

As a result, the ETF issuer believes this period presents an excellent opportunity for investors to reassess their bond funds' risk profile.

“Just because an investor holds the same fund, it doesn’t mean risk exposures are static,” said Andrew Patterson, Vanguard’s head of active research. “We recommend investors keep an eye on the impact that changes to interest rates can have on manager’s duration and credit strategies.” 

For investors keeping a close eye on rates and yields they may look to monitor the below listed fixed income and Treasury focused exchange-traded funds as proxy investments:

Treasury ETFs: (TLT), (NYSEARCA:TLH), (IEF), (IEI), (SHY), (SGOV), (SCHO), and (BIL).

Bond ETFs: (NYSEARCA:AGG), (NASDAQ:BND), (VCIT), (MUB), (MBB), (JNK), (LQD), (HYG), and (TIP).

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