Jul
17
Top Bond Funds Win by Harnessing Most Dangerous Part of Market
By-
Vanguard’s Barrickman, Hoisington’s Hunt win with duration
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Returns soar in 2016 as inflation ‘bogeyman’ is tamed
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…
Top Bond Funds Win by Harnessing Most Dangerous Part of Market
