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Legg Mason: True unconstrained bond funds few and far between

Legg Mason is cautioning investors to revisit dynamic bond strategies to ensure that they are truly unconstrained, rather than risk the aftermath of a rapid reversion of interest rates. The firm’s comments to APB Mandate come amidst uncertainty in fixed income markets over fears that central banks have pushed monetary policy and yields to the limit. “An unconstrained bond strategy allows managers to be…

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