Andrew Beer Urges Managed Futures Over Bonds as DBMF Gains Nearly 19% in 2026
Updated
Updated · CNBC · Oct 17
Andrew Beer Urges Managed Futures Over Bonds as DBMF Gains Nearly 19% in 2026
1 articles · Updated · CNBC · Oct 17
Summary
DBi co-founder Andrew Beer said investors should cut traditional bond exposure and consider managed futures, arguing the strategy fits a modern alternative to the classic 60/40 portfolio.
Nearly 19% gains this year in the iMGP DBi Managed Futures Strategy ETF, DBMF, support his case that a low-correlation strategy can hedge stocks better than bonds during volatile, crisis-prone markets.
Managed futures ETFs can go long and short across global markets, Beer said, making them more nimble than bonds as debt concerns and the AI trade drive bigger market swings.
Nate Geraci of NovaDius Wealth Management pushed back on abandoning fixed income, saying alternatives belong alongside stocks and bonds and can also go through stretches of underperformance.
The debate reflects what Beer called an "existential crisis" in strategic asset allocation, with investors reassessing whether bonds still deserve a 40% role in diversified portfolios.