Using both approaches to a bond portfolio can offer better results and still be conformable to the investor’s risk-return profile. The investor should decide thoughtfully and carefully. For example,...

Using both approaches to a bond portfolio can offer better results and still be conformable to the investor’s risk-return profile. The investor should decide thoughtfully and carefully. For example, manager selection is a key issue in any active investment strategies, and the average investor may not know much about the manager who manages bonds or bond funds.