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Inflation and Interest-Rate Increases Will Be Higher Than Investors Think, Says This Fund Manager
You can learn a lot about your bond fund by looking at how it performed during the pandemic market slide in 2020. If it provided ballast and stability to your portfolio, it did its job. If it was just another source of downside risk, it might be time to look for a new fund.
By those metrics, the American Funds Strategic Bond fund (ticker: ANBAX) is a great option. It was the best-performing fund in Morningstar’s Intermediate Core-Plus Bond Fund category during that dreadful first quarter of 2020: It posted a 7.7% return, compared…
