Josh Hirt

An episode in Vanguard's Investment Commentary series.

Interest rates have been rising, and most analysts believe the Federal Reserve will hike rates another two or three times this year. How might this affect bond funds and ETFs?

In this 13-minute podcast, Josh Hirt of Vanguard Investment Strategy Group suggests that advisors look at a metric called duration to help them match interest rate risk with their clients' time horizons. Hirt also discusses Vanguard's expectations for rate increases in 2018 and 2019.

Note:

• All investing is subject to risk, including the possible loss of the money you invest.