By ETF Trends
Bill McNabb, chief executive of mutual fund and ETF giant Vanguard, is worried about what could happen to bond investors if yields finally start to rise from rock-bottom levels.
“You could argue it’s almost as extreme as stocks were in 1999,” the Vanguard CEO tells Investment News.
The iShares Barclays 20+ Year Treasury Bond (NYSEArca: TLT) has an annualized return of 14% the past three years to outperform U.S. stocks.
Bonds have enjoyed a bull run of more than three decades and yields have been pushed to near record lows in the aftermath of the financia