The BlackRock Strategic Income Opportunities Portfolio has returned 2.4 percent this year, lagging behind about 90 percent of its peers, based on data compiled by Bloomberg. The BlackRock Strategic Global Bond Fund returned 10 percent, beating 77 percent.
Daiwa SB Investments, which has about $53.6 billion in assets, is more bullish. Kei Katayama, one of the investors for the firm, said the Fed’s statement following its meeting last week will support Treasuries. Near-term risks to the economic outlook are roughly balanced, the Federal Open Market Committee said. Officials scaled back expectations for rate increases in 2017 and over the longer run.
“I’m a bit positive after the FOMC meeting,” he said. “I thought the FOMC is taking a more conservative approach.”
This article was provided by Bloomberg News.