Agg Alternative Still Looks Compelling
December 05, 2019 at 11:15 AM EST
The Bloomberg Barclays U.S. Aggregate Index is one of the most widely followed bond benchmarks in the world and home to more than 7,700 bonds, it implies some level of diversity. However, upon closer examination, the “agg” is heavily allocated to the U.S. government. While that limits credit risk,...