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The Case For Fixed Income Active Management

FYI: With the current angst over interest rates, and last year’s tumult over the exit of Bill Gross from PIMCO following a few years of underperformance in his Total Return Fund, does it still make sense to have a high-profile, actively managed bond fund in your clients’ portfolios?
Regards,
Ted
http://wealthmanagement.com/print/fixed-income/case-fixed-income-active-management
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