Bond funds

The fund will give investors exposure to noninvestment-grade bonds for less than half the cost of its flagship high-yield offering.

The launch from EventShares provides investors access to economic and policy-driven themes.

Oct. 23: The custodian plans to offer advisors and retail investors access to 296 commission-free ETFs.

The acquisition is expected to provide access to a wide range of smart beta products.

These investments offered better returns than the broader fixed-income world in recent years, but the risk/reward equation leans heavier on risk.

Managers in the space have been raising cash at their fastest pace since 2013.

The change is attributed in part to the cost of managing dividends.

Jeffrey Sherman’s bond fund returned 14% on average over the last three years, besting 99% of all large-cap value funds tracked by Bloomberg.

It would be the first fund of its kind from the asset management giant. Plus; other launches.

While these funds often combine various asset classes, the firm’s offering will stay close to home — buying its own bond products.