'Bonds are different'

By Myriam Robin
Updated April 27 2017 - 2:08am, first published 1:17am
'Bonds are different'
'Bonds are different'

The wave of money flowing out of active funds and into passive investments causing plenty of headaches for the world's equity fund managers, is affecting fixed income investors too. PIMCO, the world's largest actively managed bond fund manager, is preparing its defence.

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