U.S. Treasurys likely will stay range bound for a while, but certain global bonds present a great investment opportunity, portfolio manager Jack McIntyre told CNBC Wednesday.
McIntyre's strategy appears to be paying off. His fund, the Legg Mason Brandywine Global Opportunities Bond Fund, is beating the Street. It is up about 8 percent over the past year, compared with the Barclays Global Aggregate, which is only up about 1 percent.
"There is a lot of global capital that's coming from places like Japan. It's looking for yield," he said in an interview with "Closing Bell."
"Yes, some of it is going into Treasurys but there are still some opportunities in some sovereign bond markets away from German bunds, Japanese government bonds and U.S. Treasurys."