Buy the Haystack

Some financial advisers are moving away from actively managed bond funds in favor of ETFs.

Jane Kim reports that the Pimco Total Return Fund may be so big that some investors say it can’t operate as effectively in some markets as it once did.

That has has financial advisor Jeffrey Zures moving out of Pimco Total Return and into the iShares Barclays Aggregate Bond Fund (AGG). According to Kim, Zures comments that “Rather than trying to find a needle in a haystack, we decided to buy the overall haystack.”

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