Unraveling a global active bond fund's return

October 11, 2018

Daren Roberts

Daren Roberts

An episode in Vanguard's Investment Commentary series.

How much of a fund’s return can be attributed to risk factors, and how much of it can be attributed to a fund manager’s security selection?

In this 12-minute podcast, Daren Roberts, an investment analyst in Vanguard Investment Strategy Group, will discuss the key factors that explain the return variations of global active bond funds—including the role of foreign currency—and what you should consider before investing in them.

For more information on this topic, read our research Global active bond fund returns: A factor decomposition.

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