AGG iShares Core U.S. Aggregate Bond ETF Loading... : Bullish and Bearish Analyst Opinions
Loading chart...
Top Calls
Feed
16:19
Aug 18
Aug 18
High yields are driving strong fixed-income demand.
There is strong demand for fixed income, specifically ultrashort income, core bonds, and high-yield credit, because yields in the 6% to 7% range are highly attractive to investors and retirees seeking income.
MED
13:18
Aug 10
Aug 10
Avoid passive US aggregate bonds.
The 40% fixed-income allocation in a 60/40 portfolio is broken. The US Aggregate bond index has delivered zero or negative returns over five years, and bond returns are now highly correlated with equity returns, so bonds no longer hedge equities. Passive fixed-income investing is destructive; active fixed-income management is needed to generate alpha.
HIGH
13:00
Jul 29
Jul 29
Bonds offer margin of safety now.
After years of poor returns, bond yields are now significantly higher, providing a built-in margin of safety. With the worst of the rate-hike pain likely behind us, bonds look attractive, especially given the widespread bearish consensus.
MED
14:00
Jul 20
Jul 20
Avoid bonds, own T-bills for yield.
The entire fixed-income curve offers inadequate compensation for duration and credit risk relative to risk-free T-bills. Credit spreads are in the top decile historically and are vulnerable to blowing out. Investors should avoid aggregate bonds, corporates, and high yield, and own T-bills instead.
HIGH
16:23
Jul 10
Jul 10
High-quality bond yields attractive.
High-quality bonds yielding 4.5%-5% offer attractive income and make sense as a portfolio cushion heading into the second half of the year.
MED
17:54
Jul 08
Jul 08
Retirees need bonds for safety.
Retirees face sequence-of-return risk without job income or new savings, so a 80/20 stock/bond portfolio provides a necessary margin of safety. An ultra-aggressive 90/10 stock/cash allocation leaves too little dry powder to weather extended bear markets and may force selling equities at depressed prices to replenish cash, risking permanent damage to retirement assets.
MED
23:15
Jul 07
Jul 07
Use passive ETFs for US stocks and bonds
For US equity and US fixed income exposure, passive ETFs are superior to active managers because the dispersion of returns between top and bottom quartile managers is very narrow, making it hard to justify active fees. The firm structurally allocates to ETFs for these asset classes.
HIGH
21:40
Jun 15
Jun 15
High-quality bonds offer attractive yields now.
High-quality bonds now offer attractive yields (around 5% for the Bloomberg US Aggregate Index, up to 7-8% for other high-quality paper) and the starting yield has a strong historical correlation with future 5-year returns, making fixed income more appealing than it has been in 15 years.
HIGH
17:49
Jun 03
Jun 03
Short bonds, core bonds; avoid high yield.
For the bond portion of a 60/40 portfolio, use short-term TIPS (STIP) for inflation protection, short-term Treasuries (e.g., 1-3 year bonds via SHY) for nominal safety, and a core total bond fund (AGG) as a recession hedge. Avoid high-yield bonds (JNK) because they have equity-like risk, as shown by large drawdowns.
HIGH
16:45
May 28
May 28
Bonds are a value, lock in income.
Bonds offer value at current elevated yields. Locking in that income is preferable to sitting in cash, as the bond market has priced in a more hawkish Fed and yields are attractive relative to equities.
MED
15:12
May 05
May 05
Barbell: short paper and intermediate bonds.
For fixed income, a barbell approach: 60% in 1-year paper (short term Treasury bills) and 40% in intermediate core high-quality fixed income. This provides yields while hedging against demand destruction if oil stays elevated.
MED
21:02
May 04
May 04
High quality fixed income is haven.
High quality fixed income remains a haven despite potential interest rate volatility. At some point, rates become high enough to slow the economy and equity markets, which stabilizes itself. Over time, fixed income will deliver good risk-adjusted returns and diversify equity exposure.
MED
18:02
Mar 06
Mar 06
The US lost 92k jobs, and unemployment rose to 4.4%. Roland notes the bond market is only pricing in one rate cut, which is "wild" given six negative bond reports. Rieder notes real rates are attractive and income is back. A negative payroll print of this magnitude typically forces the Fed to cut rates to support the labor market. While inflation (oil) is a concern, the economic deterioration (job losses) will eventually force a flight to safety in bonds, and current yields (>4%) offer a "cushion" of income while waiting for capital appreciation. LONG duration and aggregate bonds for income and capital appreciation potential on Fed pivot. Stagflation—if oil pushes inflation higher, the Fed may be unable to cut rates despite job losses, causing yields to rise (prices to fall).
16:47
Feb 24
Feb 24
Avoid AGG due to excessive long duration risk and low real returns.
Avoid AGG due to excessive long duration risk and low real returns; suggests multi-asset alternatives for better ALM outcomes.
LOW
About AGG Analyst Coverage
Buzzberg tracks AGG (iShares Core U.S. Aggregate Bond ETF) across 5 sources. 11 bullish vs 0 bearish calls from 10 analysts. Sentiment: predominantly bullish (79%). 14 total trade ideas tracked. Latest voices: Kay Herr, Jim Caron, Ben Carlson.