Some golden rules on fixed income are just not meant for today's markets. Take the case of the Brexit-induced market shock, the oil price collapse and the Chinese currency devaluation in recent times.
On all three occasions, bond managers who did not break their benchmark-based rules would have suffered losses.
By contrast, those who did would have fared better and even made some quick gains.
In this edition, we invited T. Rowe Price to walk us through the rationale behind the Dynamic Global Bond Fund and why it pays to be nimble and flexible when the unexpected happens.
We invite you to read this article to find out more.