Biggest and Best Global Bond Funds

ECB QE pushed the already low bond yields into negative territory in countries such as Switzerland, Denmark and Sweden. Which investors are managing to deliver positive returns?

Ashis Dash 13 August, 2015 | 11:37AM
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3 Largest Global Bond Funds

The Templeton Global Bond fund, with more than $33 billion in assets, remains one of the behemoths in this sector. The fund is co-managed by Michael Hasenstab and Sonal Desai, with Hasenstab being at the fund’s helm since 2002. His expertise in macroeconomic analysis and a well-resourced analytical team underpins this offering. The fund aims to maximise total returns through investing predominately in sovereign issuers from both developed and emerging countries. The process is driven by valuation and fundamentals.

Hasenstab’s willingness to take large off-benchmark positions, especially in emerging markets, means the portfolio and performance may deviate substantially from its category peers and benchmark. Nonetheless, Hasenstab has managed the higher risk from his unconstrained, strategic investment process well over the longer term. The fund is rated Silver by Morningstar.

The PIMCO Global Investment Grade Credit fund has been managed by Mark R. Kiesel since 2003. The fund aims to maximise total return while focusing mainly on investment grade corporate bonds. The investment process is a combination of top-down positioning determined by PIMCO’s Investment Committee, including sector and interest-rate strategies, and bottom-up ideas generated by a team of 50-plus credit specialists.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Amundi Fds Glbl Aggt Bd A EUR AD D155.98 EUR0.03Rating
Jupiter Dynamic Bond D EUR Acc13.85 EUR0.22Rating
PIMCO GIS GlInGd Crdt E USD Acc19.64 USD0.34Rating
Templeton Global Bond A(Mdis)USD13.37 USD-0.57Rating
Templeton Global Total Ret Bd A Inc  

About Author

Ashis Dash  is a Morningstar Fund Analyst