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Per cent blocks.
Per cent blocks.
(Golkin Oleg/Getty Images/iStockphoto)

Fund manager offers new approach to bond funds

The man behind some of the most successful bond ETFs of the past few years says investors need a new approach to fixed income.

Forget bond indexing for the years ahead, says Som Seif, president and CEO of Purpose Investments Inc. Instead, investors should look to an actively managed approach that blends government and corporate bonds, high-yield and cash. As it happens, Purpose offers just such a product, the Purpose Total Return Bond Fund, which has a 66-per-cent weighting to high yield, a 31 per cent weighting in corporate bonds and next to nothing in government debt.