When considering active alternatives in fixed income, take a close look at the MFS Active Core Plus Bond ETF (MFSB) and the MFS Active Intermediate Muni Bond ETF (MFSM). The former can serve as an investor's core fixed income exposure, while the latter identifies opportunities in intermediate-maturity municipal bonds. Per the MFSB fact sheet, the fund uses a "primarily investment-grade bond strategy that integrates macro, bottom-up, and technical perspectives in an effort to add value through sector and qua ...

For more news, information, and strategy, visit our Portfolio Construction Content Hub. MFSB offers investors core bond exposure that could serve as an investor's standalone fixed income allocation in a 60-40 portfolio. Or, it can be used as a complementary active fund to an existing fixed income portfolio that already has indexed fund exposure. As indicated in the fund's fact sheet, MFSB will invest in "investment-grade bond strategy that integrates macro, bottom-up, and technical perspectives in an effort ...

That said, investors don't need to stay on the sidelines due to unpredictability and uncertainty. This is where an actively managed fund can benefit a portfolio. 2 Active Fixed Income Options As noted in the interview with Gómez-Bravo, systematic risks are a major concern for fixed income markets. Furthermore, there are idiosyncratic risks inherent in specific sub-sectors of the bond market. This makes an active management strategy a necessity. With that, MFS offers a pair of funds investors should consider ...

美联储利率政策前景 - 美联储在年内首次降息后，CME Group FedWatch指标预测10月和12月再次降息的概率超过90% [2] - 美联储官员预期未来三至六个月内将有额外的降息，具体步伐将取决于后续经济数据 [2] 利率环境对固定收益投资的影响 - 降息前景对现金类资产的收益率构成下行压力，促使投资者将固定收益投资组合重新配置至如MFSM的基金 [3] - 在当前美联储重启货币宽松政策的利率环境下，投资于中期市政债券具有优势 [3] - 投资者可通过增加中期债券敞口，在绝对收益和税后等效收益基础上获取比现金及短期债券更高的收入 [3] 市政债券的投资价值 - 市政债券提供联邦免税收入，且相较于公司债等风险更高的债务工具，其信用基本面更为强劲 [3] - 除了免税优势，强劲的信用基本面结合具有吸引力的收益率进一步支持配置市政债券 [4] - 市政债券市场庞大且分散，主动管理在该资产类别中至关重要 [4] MFSM基金的主动管理优势 - MFSM基金专注于中期市政债券，其投资组合经理和分析师在复杂的市政债券领域拥有丰富经验 [5] - MFS公司自20世纪70年代即开始投资市政债券，基金管理团队包括20名成员，并拥有集成的全球投资平台 [6] - 团队采用研究驱动的方法，通过信用选择、质量、行业配置或久期/曲线定位等方式，在整个市政债券领域寻找机会以创造阿尔法收益 [6]