Jan
15
The Bond Market Isn’t Dead Yet for This JPMorgan Fund
By-
Fund returned 8.1% in past year, almost double its benchmark
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Emerging markets offer opportunities, fund manager says
Don’t count your nails yet for the bond market’s coffin.
That’s the message from a JPMorgan Asset Management fund that’s outperformed in the past year by keeping to shorter-maturity securities. The $2.4 billion Global Bond Opportunities Fund has reduced its average duration in U.S. securities to three years from more than five in July, and has jumped into the domestic debt of Brazil and Russia, two higher-yielding emerging markets that have avoided the recent exchange-rate depreciation afflicting Turkey and Mexico…
The Bond Market Isn’t Dead Yet for This JPMorgan Fund
