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Top Bond Funds Win By Harnessing Most Dangerous Part Of Market
FYI: In some ways, the managers of the Treasury market’s two best-performing mutual funds couldn’t take a more different approach. On one side is Josh Barrickman at Vanguard Group Inc., which has become the world’s largest mutual-fund manager by offering low-cost, passively managed investments. His $884 million Extended Duration Treasury Index Fund earned about 23 percent in the first half of this year. On the other is Lacy Hunt, who helps steer the $494 million Wasatch-Hoisington U.S. Treasury Fund, which returned around 18 percent. He’s favored longer-maturity Treasuries for more than two decades. Regards, Ted http://www.bloomberg.com/news/articles/2016-07-17/top-bond-funds-win-by-harnessing-most-dangerous-part-of-market
