Finance

FA Center: Most bond-fund managers do well when interest rates rise, but that’s no reason to invest with them

Rising interest rates are not a good reason to invest in an actively managed bond fund. That’s important to know, since the performance data appear to show just the opposite. As you can see from the chart below, a far greater percentage of bond-market timing newsletters beat a buy-and-hold strategy during bond bear-markets. This would […]

World

China’s military rise poses the greatest foreign policy challenge to the next US President

Beijing’s program of rapid modernization has seen its military transformed into a true global power, capable of comfortably projecting its forces throughout the Indo-Pacific region and beyond. This year alone has seen China engage in deadly border clashes with Indian troops; China’s People’s Liberation Army aircraft have repeatedly buzzed Taiwanese and Japanese air defenses; and […]