4 Fund Flavors for World-Bond Fans
PIMCO's Bronze-rated Global and Foreign Bond funds--available hedged or unhedged--are run by the same successful management team and have done well versus similar peers and their benchmarks.
Karin Anderson: In the world-bond fund landscape, we really like PIMCO Global Bond and PIMCO Foreign Bond. The difference between these two strategies, which are run by the same team, is that PIMCO Global Bond offers some exposure to U.S. bonds and PIMCO Foreign excludes U.S. debt.
These two funds also come in unhedged or U.S. dollar-hedged versions, depending on whether you want full exposure to non-U.S. currencies or you want all currency exposure hedged back to the dollar. When you do hedge exposure back to the dollar, you're getting a much less volatile performance.
Karin Anderson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.