Active fixed income in 60 seconds: How does Vanguard seek fixed income alpha?

January 4, 2019

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How does Vanguard Fixed Income Group seek strong, consistent, risk-adjusted returns? In this video, Chris Alwine, head of Vanguard global credit, discusses the highly collaborative approach that combines top-down macro analysis with bottom-up specialist data.

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For additional videos in this series, see Related Items.


  • All investing is subject to risk, including the possible loss of the money you invest. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income. Past performance is no guarantee of future returns.
  • Bonds are subject to the risk that an issuer will fail to make payments on time and that bond prices will decline because of rising interest rates or negative perceptions of an issuer's ability to make payments. While U.S. Treasury or government agency securities provide substantial protection against credit risk, they do not protect investors against price changes due to changing interest rates.