Uncertainty--around actions by the Federal Reserve, trade tensions, and slower global economic growth--contributed to a tense second quarter in fixed-income markets.
Obstacles throughout 2018--particularly rising interest rates and anxious credit markets--provided a challenge to bond investors broadly, but short-term bond funds held their own.
We’re reconsidering AB's Parent Pillar rating and placing the firm's funds under review amidst a lack of detail from majority owners AXA on why they cleaned house.