When AlphaCentric Income Opportunities fund made its debut in late May 2015, it began to beat its peers almost immediately, an unusual development for the slow-moving world of bond investing. By June 30 of that year, the fund was up 5.6%. In that same period, its benchmark fell by nearly 1%, according to Morningstar Direct. The key to the...

Source: Wall Street Journal October 12, 2020 09:33 UTC