Observations and Perspectives: Traditional Bonds = Risky Parachutes

During the short nine days of trading from late January to February 8, the S&P 500 fell like a skydiver leaping out of a plane: fast and down. In a classic flight-to-quality response, investors pulled their parachutes, socking billions into the largest ETFs tracking the widely-watched Bloomberg Barclays U.S. Aggregate Bond Index (the “Barclays Aggregate”). This time, though, it didn’t work.

Read More


Where the Best Bond Opportunities Are Now

Interest rates are generally higher since the end of last year—and the nearly decade-long economic recovery can’t last forever. Both are putting pressure on individual portfolios.



Sierra Group of Companies Reaches over $3 Billion in Assets

The firm has experienced rapid growth over the last two years

Santa Monica, CA (February 13, 2018) – The Sierra Group of Companies ("Sierra") is proud to announce that as of 12/31/17, the firm has reached over three billion dollars in combined assets under management and assets under advisement.

Read More

Wright: For 10% Bond Returns, Look to Munis

Barron's Video| 3.28.2017

It's time to take profits in high-yield corporate bonds and buy high-yield municipals, says Sierra Strategic Income Fund co-manager David Wright.

Watch Video