The Associated Press recently talked with Baird Funds President Mary Ellen Stanek and Sr. Portfolio Manager Warren Pierson about the Federal Reserve raising short-term interest rates and why shareholders shouldn't lose hope.
"The range of possible outcomes is so wide, so we say: Control what you can control," Stanek says. For regular investors, that includes keeping costs low by investing in funds with low expense ratios. With returns likely to be lower, keeping as much as possible of it is key.
For Stanek, that means keeping her fund well diversified. She doesn't want to concentrate too much on any one area of the bond market, whether that's high-yield bonds of investment-grade corporate bonds, when there's so much uncertainty about who the winners and losers will be.
Click here to read the Associated Press article.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.