2024-07-27 13:00:00 ET
Summary
- Long-term interest rates rose in most global markets during the second quarter of 2024, reflecting upward pressure from U.S. rates and a mix of domestic developments.
- Several global central banks continued to cut policy interest rates, including Brazil, Chile, and Colombia, while the European Central Bank started a cautious easing cycle.
- Amidst these market movements, we adjusted the Fund’s interest rate, currency, and credit exposures.
- In this environment of numerous and sometimes conflicting global crosscurrents, we remain focused on valuation and positioning the Fund for the long term.
Performance [1]
Total Returns (%) | Average Annual Total Returns | ||||||
3 Months | YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception (12/5/2012) | |
Global Bond Fund - Class I | -0.16 | -0.68 | 5.96 | 0.52 | 3.35 | 2.89 | 3.26 |
Global Bond Fund - Class X | -0.14 | -0.63 | 6.05 | 0.57 | 3.39 | 2.91 | 3.27 |
Bloomberg Global Aggregate Bond Index (USD Hedged) | 0.12 | 0.13 | 4.2 | -1.57 | 0.25 | 2.02 | 2.09 |
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For further details see:
Dodge & Cox Global Bond Fund Q2 2024 Commentary