Fixed income: winners and losers in H1
By Kristen McGachey, 14 Jul 17
As we move through the halfway point of 2017, many investors have grown wary of the risk asset rally and are returning to the relative safety of fixed income funds. But which have performed the best year-to-date? And which have not fared so well?
Winners: 3) First State EM Local Currency
The third strongest performer of the period was another local currency fund, the First State EM Local Currency.
The fund has top holdings in denominated debt securities like the Brazil Federative Republic (8.7%), Republic of Columbia (6.5%) and US Treasury Bill (5.37%), has produced total returns of 9.5% year-to-date.
Tags: Ashmore | Barings | First State | Lazard | Morningstar
