U.S. inflation picks up; slowing economy likely to curb rise - Reuters
U.S. inflation picks up; slowing economy likely to curb rise - Reuters
U.S. consumer prices increased by the most in 15 months in April, which could support the Federal Reserve’s contention that recent low inflation readings were transitory and allow the central bank to keep interest rates unchanged for a while.
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Industry description
The investment seeks to provide inflation protection and income consistent with investment in inflation-indexed securities.
The fund manager employs an active management approach, investing mainly in investment-grade, inflation-indexed bonds. Under normal circumstances, it invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in inflation-indexed bonds issued by the U.S. government, its agencies and instrumentalities, and corporations.