FYI: For bond funds, duration is a big part of destiny this year.
The top-performing biggest intermediate bond funds, led by Jeffrey Gundlach’s DoubleLine Total Return Bond Fund, generally have shorter duration than rivals. And laggards, such as Western Asset Core Plus Bond Fund, have longer ones. Duration, one of several factors that determine performance, measures sensitivity to changes in interest rates.
Regards,
Ted
https://www.fa-mag.com/news/gundlach-s-total-return-fund-beats-rivals-with-low-duration-38360.html?print
