Bond funds

Stellar U.S. economic data, hawkish monetary expectations and strong commodity prices have pushed 10-year and 30-year Treasurys to breakout range.

One of the firm’s corporate bond funds is down 4.3% this year, while another has lost 5.4%.

The actively managed offering aims to invest in corporate and non-corporate obligations, excluding government-guaranteed issues.

Data reported by the Investment Company Institute.

Asset managers are under pressure to maximize distribution efforts amid tightening regulations and tech innovations.

The legendary manager’s Unconstrained Bond Fund ended July down almost $1 billion from its February peak.

The shift in strategy comes as central banks move away from policies that have buttressed markets since the financial crisis.

The funds raked in a combined $840 million last week despite competitive hurdles banks typically face going up against money managers’ core products.

Data reported by the Investment Company Institute.

Muted core inflation increases and relentless haven flows have kept a lid on longer-dated developed-market yields.