Calculating the active advantage in fixed income

Passive bond strategies have historically underperformed their active counterparts on average – and with starting yields near multi-year highs and geopolitical volatility creating fresh opportunities, the trend looks set to continue in 2026. In an article for Investment Week’s Fixed Income Portal, PIMCO’s Marc Seidner and Mohit Mittal explain why today’s market calls for active decision-making. They explore: How bond market inefficiencies create active opportunities The ‘myth’ that active bond managers can’t beat the market after fees The importance of flexibility across sectors, geographies...