Buying These Bond Funds Might Just Be the ‘Dumbest Trade You Can Make’
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2025
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Source: Barron's
Active vs Passive Bond Management: Active bond fund managers have consistently outperformed passive indexes, with 84% of active bond ETFs beating benchmarks in 2024, compared to only 33-37% for active equity funds. The inefficiencies in the bond market provide more opportunities for active management.
Investor Behavior and Market Trends: Despite strong performance from actively managed bond funds, investors still favored passive options, likely due to lower fees and perceived risk. A balanced investment strategy that combines both active and passive approaches is recommended for navigating changing market conditions.
Analyst Views on PFIX
Wall Street analysts forecast PFIX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PFIX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 47.250
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Current: 47.250
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
