Clients in News: Wall Street Journal
Influence Consulting Group client Aaron Schindler, New York-based wealth manager, comments on floating-rate bond funds in The The Wall Street Journal ‘Weekend Investor’ A Contrarian Play on Inflation Fears by Jane Kim:
If the Federal Reserve raises rates next year, floating-rate funds could be poised to beat short-term bond funds in both yield and price appreciation, just as they did from 2003 to 2006, says Mr. Schindler, who uses the funds in nearly all of his clients’ portfolios. During that period, the Fed raised the federal-funds rate 17 times, from 1% to 5.25%. Floating-rate funds beat short-term bond funds by about 4.2% a year during that period, according to Morningstar.
