Forecasting Bond Returns and Evaluating Bond FundsGuest Post
Can we predict the performance of bond funds? This question needs to be separated into two questions: Can we predict the bond market? Can we predict the alpha, or return above (or below) the bond market’s return, of bond managers?
The bond market is a poor bet going forward. Some managers, however, will earn returns above and below the market return, and it’s valuable to know whether one can select winning managers in the fixed-income asset class.
While past performance . . .
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