The new year began with the release of global manufacturing activity reports for December
Since the first hint that the Federal Reserve would begin tapering its monthly bond buying program and long-term interest rates began to rise last May, investors have shunned all types of bonds and bond funds.
I find it valuable to pause in reacting to grand macro events such as yesterday’s long awaited FOMC asset purchase moderation announcement.
Past performance is not a guarantee of future results.
Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.