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M*: For World-Bond Funds, Currencies Are No Sideshow
FYI: Solid long-term performance and diversification from U.S. bond and equity markets have made the world-bond fund category one of the fastest-growing categories that Morningstar tracks. Because of the wide variety of approaches (unhedged versus U.S.-dollar-hedged, global versus non-U.S., broad-based versus single-sector), funds within the Morningstar Category have a large range of risk exposures. Regards, Ted http://news.morningstar.com/articlenet/article.aspx?id=733646
