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2 Gold-Rated Options for Your Core Bond Needs

Western Asset Core Bond and Dodge & Cox Income use different but equally valid processes to balance economic uncertainties with investor expectations.

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Alfonzo Bruno: As we approach the end of the third quarter, a wide range of macroeconomic-related risks have concerned fixed-income investors--from rising interest rates in the U.S., to global trade tensions and geopolitical uncertainty, through to emerging market vulnerability, just to name a few. In core bond funds, which often serve as the anchor in a diversified fixed-income portfolio, these risks pose particular challenges.

In this environment, portfolio managers must balance economic uncertainties with investor expectations of a core bond strategy, and this has resulted in different but equally valid process approaches in the cases of Western Asset Core Bond and Dodge & Cox Income, both Gold-rated constituents of the intermediate-term bond Morningstar Category.

Alfonzo Bruno does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.