They have lower volatility and often better returns than corporates, a study by the Gundlach firm concludes.
Despite small interest payments and not much price appreciation potential, many investors say it does deliver in this one area.
New CIO Seth Kelly is hiking the fund's asset allocation to fixed income.
Institutional investors like Arizona’s pension plan have done pretty well with this newly popular asset class.
The Empire State’s pension system is mounting investor pressure against the poultry giant, which has been criticized for its pandemic safety practices in its plants.