Richard Bernstein Advisors May Insights: Duration = Risk
May 15, 2019 at 12:04 PM EDT
By Richard Bernstein Advisors For many years RBA’s fixed-income holdings had substantially longer duration than that of our benchmark. Today, our holdings have only a fraction of the benchmark’s duration. Our portfolios’ bond durations are now only about 15-20% of benchmark duration versus the 200%...