It’s been tough sledding for core bond funds that ventured into emerging-markets debt.
Backed by a seasoned team practicing a value strategy, Bronze-rated Metropolitan West Low Duration Bond has dialed down risk.
Passive core bond funds have some advantages, but don’t expect protection when interest rates rise.
It’s been a tough month for these bonds, but it’s a small allocation for most emerging-markets bond funds.
Courting ample currency and credit risk, Silver-rated Templeton Global Total Return shuns interest-rate risk, given skipper Michael Hasenstab's concerns about global inflation.