This article appears courtesy of DailyII.com
Leaving Home By Eric Uhlfelder 08/13/06 The wiliest U.S. bond investors have hit the road. Global debt portfolios have significantly outperformed their U.S. counterparts, reports Morningstar, the Chicago-based research firm. Over the three years through August 2, global bond funds outperformed U.S. intermediate-term bond funds by an annualized 198 basis points; over the past five years, they have returned nearly 300 basis points more annually.
What explains the relative strength of foreign bonds? First, interest rates in other developed countries are not rising as fast as those in the U.S.,
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