Western Asset Management's CIO on why bond indexes give active managers an edge, "stubbornly" low inflation and his counterintuitive jump into emerging markets at the dawn of the Trump presidency.
Investors also continued to favor global funds in the week ending July 19.
Asia ex-Japan, Latin America and global emerging markets funds continued their recent strong performance.
Lower than expected inflation rates helped continue the best run since the first quarter of 2017.
Asia Pacific bonds funds continued to bleed money for the 22nd week of the year.