Taking a risk on local bond funds
On the Money: ‘Looking under the hood’ is a worthwhile exercise.
Over the past year, a couple of published papers have questioned whether US bond fund managers actually outperform their benchmarks.
First off was a paper by Cliff Asness of AQR Capital Management, which argued that most cases of outperformance were simply due to fund managers investing in
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Brent Sheather
Fri, 21 Feb 2020
Fri, 21 Feb 2020
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Taking a risk on local bond funds
Analysis,
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