and Peter Palfrey
, PMs of the Loomis Sayles Core Plus Bond Fund
], [see profile]
, have reportedly
shelved their defensive stance for an offensive approach to the fixed income market.
The fund, which invests in bonds, treasuries and asset-backed securities, started last year on the long end of the corporate bond market but has tweaked its portfolio to a 20 percent to 30 percent respective split between high-yield and corporate bonds, the Wall Street Journal
Automotive loan maker Ally Financial Inc., paper-product company Georgia Pacific Corp. and Sallie Mae are current names in the fund's portfolio.
Raczkowski told the pub that the pair took a more agressive approach to the market in order to "capture yield in the front end of the curve and reduce sensitivity to interest-rate-spread volatility".
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